Targeting 2 or 3 flats using the BRRRR strategy, and small single families for a flip.

You may feel like it is excessive to read over every page of the contract you will receive, but the way I think about it is like this: This is the biggest purchase I have ever made in my life.

Now you can structure all of this into the rent - either as a flat rate, or as a percentage each month. 

@Trevor Dominique Another thing to consider is that you could do a 12% flat interest rate (seems to be standard for HMLs) That way if you are paying 7% annualized on the money in theory you could do two deals with that money over a year spread.

Some costs I certainly overlooked on my first flip: Reatlor commissions (3% if you flat fee list yourself) is 7,800.

Even without that value add, your taxes will not stay flat for 5 years.

Perhaps they charged a convenience fee in excess of what is allowed under the merchant services agreement. 

Is there a lot of excess capacity? 

-Don't over-renovate (even though the home gained a lot of value in appraisal it was still excessive)- Don't forget to budget the costs of addressing trees, driveway repair, and grades in the landscape Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

General contractors may have some knowledge, but it would be more limited to building codes, not approvals for development.In terms of cost consider the following: Land - apart from zoning, is it flat, sloped?