Dont think its too high, not for my area atleast, Depends exactly on what you need, but sounds like you need a panel upgrade, $1000-1200, installed heat and air, $3500-4000.. id say $4500+ is about where it should be, assuming this does include everything, permits, ducts, grills, everything!.

If its both, then NC's plan to buy the materials on credit cards, do all the work yourself (assuming you have the ability and won't have permit issues) and sell it.

In general, my schedule of work looks something like this -Phase 0: Blueprint and planning phase, obtain site surveyPhase 0.5: Obtain permits necessary for work.Phase 1: Rough demolition (Don't confuse demolition with the need for a dumpster.

And if it is REO, then you might find that assignment of the contract won't be permitted, if that was your exit strategy.

SFR's are harder to control as they are more spread out.Taxes and maintenance tend to be higher on a per unit basis compared to multifamily 5 units or more.The Dallas market is healthier than many other parts of the country.With SFR's the renter usually gets more space for the money.Also the SFR will usually appreciate at a higher clip per unit once the economy turns around versus multifamily 5 or more.If there is low housing supply and permits for new builds versus more demand for housing then rents will go up.I believe many potential tenants don't see purchasing a house as a smart move in some markets so they just want to rent and let someone else handle the upkeep.I would just make sure that as inflation and commodity cost rises that your SFR are not to far away from the core.There will be in the future a wave of more intown living to reduce waste and cost of living since wages have pretty much remained stagnant.

Newbies- Get lien releases from all parties involved, keep a retainer from the GC until you are 100% everything is done correctly, make sure permits are pulled!!

To the effect that failure to pay is considered a default, and that in the event of default you are permitted to get a judgment and attach a lien to their property.

(I'm sure your standard lease says that running a business from the house is not permitted, correct?)

I do understand that seller carry back loans are no longer permitted, but what about a 25-30% ownership in the LLC that I use to purchase the building?

Real Estate State commission laws vary by state.We don't need to be doing blanket statements on here.Some states DUAL AGENCY is against the law and is not permitted period.In my state of Georgia it is allowed.If you are practicing dual agency and it is legal in your state you have a fiduciary duty to BOTH of your clients NOT just the seller.You can still in many states get paid both sides of the commission not practicing dual agency.Simply in your contract state that you represent the seller and NOT the buyer.You can perform what most states call ministerial acts for the unrepresented party.These ministerial acts will be defined by your real estate commission in writing.If you deviate from providing what is written you can create "implied agency" without even knowing it.So you can usually fill in a purchase price or other items in a contract for a buyer.If they ask things like why is the seller selling or how motivated are they etc. you can't share those items unless you have permission in writing from the seller.