Assuming the ARV of $306K is correct, the purchase price and huge expected repair bill of $65K don't make this work as a BRRR deal.

We have run the numbers and expect we could get about $45 per space and would squeeze about 250 *uncovered* spaces on this land.This would require grading, putting down road base, security lighting, cameras, an 8 ft perimeter fence with gate (not automatic). 

Young entrepreneurs and business owners are wanting to take advantage of the tax breaks....and many of these groups have an interest in RE investing.There are a number of opportunities here and I expect the trend to continue. 

It is expected there there is at LEAST a month between tenants.

I did a spreadsheet calculation of the difference between paying myself 80k (and funding 25% to 401k to make 100k income) (the low end of a reasonable salary for my job) and the salary to achieve maximum funding of 55k (146k).

I’d need to know a lot more to tell you what to expect.

Repairs are higher than you expected etc.?

It ask them the basics like you mentioned and things like salary, people on that would be living there, previous and current landlord, dogs/pet info etc.You don't have to login to get the application and take a look at it.I charge a $40 application fee before paying to run the check.

If anyone has any idea what I should expect to pay out of pocket if I do this refinance, let me know.

I have dealt with many hard money lenders and usually see about 11-12% interest just starting off. That doesn't include the 3 points at closing and additional closing costs, etc.They all seem to be about the same. Won...