There was a relatively low cost to purchase and rehad the property.

I designed a 2 bed 1 bath stacked triplex that fits on a 30' wide lot with 3' side yards and we can build it for $174 a sq ft hard cost. we do them where the land is 10% of after repaired asset value which in our market is 50k approx. we study multifamily trends and stay with it.

I showed them the whole business model and spreadsheet...We ordered the Feasibility study and appraisalThen they gave me a Term Letter that states everything even construction cost analysis by their 3rd partyThats where we are atwe have a GAP of $2.7MWe came up with the strategy last night.. that at the very least we need $1.5M cash to pay a balloon payment by June 27 or it forecloses... the lord will not let that happen.So I have the green light from the Lord to talk to all the interested investors as He is opening up the doors of Favor

Just factor it into your numbers from the beginning as closing costs coupled with the potential refinance in six months.

I effectively got it for free and was able to make some renovations as well, now this property cash flows and has great tenants.

It cost me 40k (20% down and 10k rehab).

This is called "costs of selling" and is added to your basis, reducing your capital gain.

All those would be costs, if they are even possible and approved. 

Also, assembling your Core 4 Real Estate Team is crucial for navigating the process effectively.

For Marketing we're using HubSpot which can be pretty costly but it's good.