Then you can use good accounting software to keep various funds and expenses in separate categories. 

Prices will vary widely and you need to know why that is.

The mortgage stress test is making it extremely difficult for people to get financing for these properties which is why we've been seeing pressure on 1M+ properties while there has still been activity in the sub 1M category.  

As far as SFH vs MFH - it varies from one investor to another but in general, if you want to scale faster then MFH investing is your answer.2) continue saving funds while educating yourself.3) start going to local REI events found here via BP/Network/Events and Meetup4) read some books on personal development to help build up the right mindset.

Second step would be to engage a couple of civil engineering firms and get some quotes for the project and get their estimates on timeframe for approvals etc.You can also call some site work contractors that do subdivision development and get some ideas on pricing once you determine what you can do with the property.Time frames will vary.

Taxes vary greatly depending upon the area. 

I realize I posted this in the wrong category. 

The amount of skin in the game you have as a pose to the lender can cause rates to vary.

With delayed financing, If you include on your closing statements (which vary state to state - HUD-1/ALTA statement ) the renovation costs - and have them charged at closing......

I do new construction projects and there are investors like me in my neighborhood who do similar deals and our costs even vary widely because of supplier relationships, specific finishes we use, labor costs, etc.