I am anticipating a total interior rehab on 9 units (averaging about 1000-1200 sq ft each) and I was hoping to keep the cost below $200K, but after reading posts on this forum, it looks like I could spend a lot less than that if I really knew what I was doing (which I don't).

But to make that happen, I'm anticipating a need to screen below age 18.Perhaps in some areas this type of juvenile screening may be unnecessary but in my target area crime is a real potential.

I have purchased a lot of owner financed properties and anticipate doing that again, sometime in the future.This is different time than now.

However, he had not anticipated some substantial site work.

Of course once I got into the home (after I evicted the previous tenants) I ran into more problems than I anticipated.

I haven't looked at the water usage, but I do anticipate they're running the water on maximum heat with the bathroom door closed and not having the exhaust fan on. 

Also, the rent for one unit has not been raised in approximately 5 years and the other in over 2 years, therefore I anticipate the rental market value upon tenant departure would be ~$1,600.

We will now build across both lots tearing down the existing SFH.Our acquisition costs are closer to $150k, build costs estimated around $600k and anticipating $200-225k average sale price per unit. 

I recommend to my clients to do this when you anticipate EBIT to exceed $1m.

I assume his post is accurate in that he anticipates financing less than $2.5M and as an issuer (and not a dealer) per our state securities law.