. $12 to $18 per sq ft to install and up depending on design.

And there is nothing wrong with hard money as long as you underwrite well and the numbers work factoring in that extra cost.

Actually its rated by several sources as a top city to invest in real estate for several factors I'm sure you are aware of.

Many other factors come into play, such as the rent/sq ft ratio (the higher the better) and whether it's in or outside of city limits (and city taxes).

What's the driven factor for them to buy a lot of SFH?

But if the numbers make sense even with that factored in then it doesn't even matter.

The house is in the part of town  that used to be a flood area, but since they've completed the "flood control project" about 2 years ago it no longer has that designation -  e.g. the house will not require flood insurance. 

Here are my questions:What else do i need to factor into consideration of this deal outside of the numbers?

We had a kitchen designed with a peninsula.  

So my PITI on this after the first year will be around $2,000/mowater-$215/moCapex/Rep- it should be like a new house at the end, so I'm only factoring 5%/mo-$225Vacancy-$0, I've got six other properties in the neighborhood... no vacancy with college kidsMisc-$200Estimated Cashflow/mo- $186021% CoC ReturnMy question is this...... my original plan was to utilize the friendly financing terms at a 4% int rt-- better than my recent bank loans by a good margin....I was going to use the full 5 year term, and fix it up slowly over time... get the good unit rented out for max value, and get other unit updated to do the same..... then work on the big ticket items throughout the course of the term...... but then I got to thinking..... interest rates aren't getting any lower.... with the market hot... the ARV and appraisals will likely be friendlier the faster I do it.... it seems a downturn is due well within that 5 year term.