Is so - what are the chances to get permits to build and what would you estimate the cost to actually get the land ready to build (water delineation, mitigation etc..)?

Acquisition cost was $700k; reno costs about $165k; furnishings about $35k.

Should I do Cost segregation before or after rehab?

Valid reasons might include increased operating costs, property improvements, or market trends.Fairness and market rates: Rent increases should generally be reasonable and in line with market rates for similar properties in the area.

But generally lenders want to see the renovations outlined, costs, materials used, and specific descriptions (for example : install hardwood flooring for all bedrooms and living rooms). 

Protecting yourself (as landlord) from utility cost spikes when there are no separate meters is a common question.  

Determine how much the remodel will cost to include holding cost and get a good estimate of what the property will sell for and then figure if that leaves you enough profit to make it worth your effort.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Hello All, I am not sure if there is a rule of thumb to how much a design should cost but I received an estimate of $23K for Civil engineering work (site plan, storm drainage plan, site grading, soil erosion & utility plan), $25k for  Architectural and structural and $11K for MEP for 12 units townhouse (2 bed and 2.5 bath) on a slab. 

At this stage, I hope to have enough experience, and the network to be able to accurately estimate total expenses, allowing me to move towards bigger projects with bigger potential gains.Any advice on ways I can move forward with my goals?