Even if it is zoned for single family homes, you might be able to build it and rent it on Airbnb for WAY more then just an apartment and you get the added bonus of a guesthouse on your property without the loss of privacy with having someone in the apartment all the time.  

I was fortunate to find this site a few months ago and have been assimilating the abundance of information and admit, I’m guilty of the podcasts playing almost all hours I’m awake!

Any insight into how BAH might play into investing?

Bonus points if it can be exported to bulk data and allow for breakdowns by studio, 1bd, 2bd, 3bd.Costar has this information but you can only search a single city at a time whereas I am needing to aggregate all at once for analysis.

The property I’m looking at right now would be bought and rehabbed using HM and with current numbers I do not think the HML would be able to get paid out at the refinance.ARV: 390 rehab: estimated at 110-115k  The seller is asking for 289k but there is no way that would work using the 70% rule. market rents: 1500 each unit since we are looking to add a bedroom in each unit and there’s a bonus unit on the third floor (basically a three unit but wasn’t reported with the town) 

I’ve seen this play a few different ways and wanted to lay out a few different options.

Hey @Greg Jackson, I am looking, but I'm discontinued by flipping work in my home market and am seeking a new niche to play in. 

We have recently been working with him on contract terms that both parties sign of course, stating that for every day that the project is delayed after his projected deadline we deduct a certain amount and for every day he finishes early we give him a bonus.

But as a diversification play - I like that it's bricks, not paper.  

Capex is wildly variable, but I'd go with at least 3.5%, playing off the 27.5-year depreciation rate for residential properties...but that's only AFTER the initial period, over a very, very long period, if you are tightly controlling costs. 10% is more reasonable, and some years, especially early on with delayed maintenance, it'll probably be 100%+.