Here's the context:PP: $650kRehab Cost: $175kLoan Amount: $678,300ARV: $969kI am on hard money for the purchase + the rehab budget, but will likely have enough cash to cover the rehab so I don't actually need to use the rehab budget.

Budget for expenses, there are always unknown things that pop up.

hopefully they take the hint and start looking for a new place that is more suited to their current budget.

It's great for people with low level understanding of money, budgeting, and how leveraging ASSETS builds wealth.

Despite periods of non-existent cashflow and tight budgeting, we eeked out a 9% return to our investors.

They'll show you their numbers and then you can be the judge of what the true rehab budget should be.

Despite periods of non-existent cashflow and tight budgeting, we managed to eek out a 9% return to our investors.

Estimates from two different GCs showed rehab cost at more than twice what I budgeted for (170K). 

When you factor in the above it grows the rehab budget.

Etc. there are a lot of open questions but I would approach the lead just like any residential lead and ask open ended questions to figure out: budget, timeline, need.