Loans are Stated Income and look at the cash-flow of existing or projected market rents. 

I tried to figure out my budget/ rough idea on sales projection to figure out my numbers and offered him what I thought was fair salary/percentage wise and he agreed upon that.  

Then call the architects and ask if they do your kind of project.

Linda,If they are considering listing it for $190K, you are in a tough spot already, as that is the number they will have fixed in their mind, and if you come in around $105K, they may politely tell you to go away. 

Take some photos before , during, and after your project, then share with us the good, bad, and ugly.Being a landlord is not easy, but with a team,  Its money in the bank !

This project will add about 550 sqft of extra living space. 

This is happening with the Tennessee Ave project.  

My Canadian clients invest in our projects and don't have to worry about lending, property management, banking and structuring you will face when you buy a property on your own. 

I would love to meet up and have a chat about projects y'all are working on and trade ideas.

For their first purchase my clients wanted a safe "turnkey deal" the next project they are looking at will be a value add where can input the BRRR method and be on a path to building a large portfolio of rental properties.