Would love advice on getting a used uint to save on costs. - Thanks!

I read everything on Carroll's website and scoured the web for all the cost information, etc. but I haven't been able to find anyone who's actually built with it.  

The following is from Stessa in regards to your situation:"The cost basis used for depreciation in this situation is the purchase price of the home plus certain closing costs, plus qualified capital improvements (such as a new roof or other renovations).

I do drop down significantly, but I factor in what it would cost to run my place on a day-to-day basis and make sure not to go lower than that.

Not having an exit strategy on two different partnership ventures led me into a court case and cost me tens of thousands of dollars on another.

We want to be able to create an estimate for a project and then track everything back against that estimate (Labor and Materials) to see how we are performing on each project.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Of course you can't do that indefinitely, and you still have to pay for the property itself and the labor, which you can't do with a card.

Usually, borrowers purchase the lot first and we usually lend to 80% of cost up to 70% of the as-completed value.

I track everything at the "buy" on a spreadsheet as far as income, expenses, CoC return, ROI and have another spreadsheet to estimate and track all rehab costs.