Upfront cash - $20,000 [For this I just pumped up my savings rate when I discovered BP and FI back in late 2017, and i took a loan from my 401k at work]Projected rehab budget - $50,000 (Low end) - $ 70,000 (high end) [This I'm putting all on Credit Cards that I've opened with 12 months of 0% interest rate, and hopefully I refinance in 6-8 months]Estimated ARV - $350,000 (I think I am being conservative..)Estimated Refinance - (0.75*350,000) = $262,500So I don’t know if it will be a “Perfect BRRRR” but I’m learning so much and we are still so early in the process.Projected Rent while HH – $550 (bed 1) + $750 (bed 2 + private bath) = $1,250So I’m only out of pocket a couple hundred if you include utilities.Estimated new PITI - $1,650Estimated Rent after HH - $1,250 (upstairs beds) + $600 = $1,850So Not a huge spread but since this is a BRRRR and I’m doing a bunch of capital improvements on the front end, and I think I’m being pretty conservative on the rent estimates, and this is a fantastic location: I’m happy to hold it through another cycle.

The growth isn't impressive due to being a very small city.Future job growth, predictions by McKinsey Global Institute, projected 10-15% net job growth from 2017 to 2030 in Blanco County.

After the inspection, we discovered mold, both the water boilers needed to be replaced, the heating using was actually improperly set up, and the oil tank is still on the premises.

If something is listed 5% off list is where you start getting into offensive territory, unless they're clearly overpriced, but even then usually the seller lists where they do for a reason, the exception to this is the institutional sellers, if something is long DOM you can get some smokin deals.

I’ve been a private banker at a financial institution and I have worked with a mortgage banker for a few years now. 

Is there an industry standard calculation, or does it differ from institution to institution?

Would like to use it for down payments on purchase of 2-3 properties, just need that lending institution.

Can someone recommend any good regional banks/institutions they are working with.For reference I am in WA, and looking at properties in state as well as out.Thanks

It wouldn't be good for them to discover it on their own.Question: Where is the breaker box that controls the furnace/water heater?

I just discovered my tenant locked the common bathroom from the inside, as my AirBnb guest informed me.I mistakenly did these things for this tenant:- No written lease, though I disclosed the landlord / owner per California law- Accepting rent not in advanced, but post-payment.