Details of the deal:  6 bed, 2 full, 2 half bath at 3,154 sqft.We are planning on converting into a 2 - 1 bedrooms and 1 -2 bedroom apartments, which will yield a monthly income of 3,454 in rent.Besides dealing with License and inspections for rezoning which is the project for this week, if 3,000 isn't paid to an attorney to handle these affairs, acquiring the funds to complete the rehab will be the next major obstacle.

I have gotten up to 30% ROI on some projects.

This can help you access quick financing but beware that the onerous terms can be tricky to manage if your rehab projects goes behind schedule.

Start just doing simple projects in your "backyard" or a close area that you know well. 

Have used them/ tony on several projects including my house. 

.- propety management-construction project management ( both flips and rental remodels)- paying w2 employeesany advice is appreciated.thanks!

@Sean McCluskey I did and doing a project with bildwise.

I've used Michael Blanc's Syndicated Deal Analyzer which I think is great if trying to put together a syndication, which I'm not, so I'm wondering if people use something simpler that can still help to analyze P&L and project CoC returns annually as well as IRR.

If you are losing $500 a month on this house, do you want to repeat this project 5 times and be out $2500 a month? 

Depreciation elections are based on a whole list of items such as projected future passive income, current level of other earnings, anticipated exit date (if you've shared that), etc.Her reasoning of "more in professional fees" makes no sense.