Factor in about 10% of the sale price to go towards closing costs (transfer taxes, commissions, attorney fee, etc) and miscellaneous expenses and you're at $625K so far - this is NOT including demolition costs, holding costs (taxes, utilities, insurance, management, etc), architectural drawings, surveys, building department filing fees, etc.That said, you may also want to consider the costs and potential benefits of adding sq ft. to the existing home and/or updating the home to potentially boost your sale price.All the best!

Reasonable accommodation may include waiving or varying pet polices and fees to allow an Assistance Animal.

Whether I replace a roof in year 1 or year 5 - it's all the same to me.There are very few red flags, I simply include repair costs as part of the cost model I put together to evaluate the deal.

Tenants will appreciate the longevity and ease of maintenance that granite countertops offer, reducing the need for frequent replacements and repairs.In addition to their practical advantages, granite countertops add a touch of luxury and sophistication to rental properties.

If the policy(ies) you get do not include Liability, you should purchase that as well.

I've included a list below. 

Financing: While putting 50% down is a solid strategy to reduce interest costs and increase cash flow, it's essential to consider the overall financing terms.

In our experience, when going from doing just a few projects at a time, to having many projects going on at any given time, being as organized as possible can help reduce feelings of being overwhelmed as you start to scale.We are early on in our journey of scaling but just thought I'd give a brief overview of what we've been doing and what has helped us so far.Good luck with growing your Rental Portfolio!

Retained 33% of the building including hotel, 2 condos and 1 retail unit Lessons learned?

Including all things related to retirement funds, malpractice insurance, side hustles, vacation homes, and more.