Also, the length that the investment is held impacts the settlement cost.

Your equity will be the appraised value minus the cost to build.

I assume you know how to determine reno costs withOUT getting in the prop?

You want to compare the experiences available there so you know where you have to land to be successful in that market as a STR.Furnishing is the main cost that I didn't see and @Bryce Jamison hit several other ones.

Thought is triple+ cash flow with just one insurance, maintenance, and management cost.

Hoping others will either chime in with- it's pretty standard/no effect on higher premium or provide better insight.

There are some extended form policies that might cover a future forged deed, but they cost extra and since title fraud (not theft since you can't lose title based on a forged deed) is uncommon, they're not issued frequently.

Found following information about building permits on City Data: https://www.city-data.com/city/Calera-Alabama.html2022: 125 buildings, average cost: $155,700 2021: 216 buildings, average cost: $156,200 2020: 322 buildings, average cost: $144,500 2019: 213 buildings, average cost: $147,600Regarding Property appreciation: This property was sold last november for 269K and there is a similar property on this street that has been sold for 289k on March 12th that is last month.

The real estate website expects Toledo home sales to increase by 14 percent next year, because the lure of low-cost housing has sparked a surge of buyers.Both buyers looking for a place to live and investors planning to renovate and rent find Toledo attractive, according to the real estate website.

Analytical skills and research skills aid greatly in determining costs, value add opportunities, negotiation points.