In other words, you have only held title for a few months, but you did have the intent to hold and then got an offer that you did not anticipate or expect.  

He tells me to wait.Whether it's your dad sitting on the sidelines waiting for the next correction or an institutional hedge fund liquidating to cash in anticipation of a buying opportunity, or Apple and Google sitting on, well, googles of cash waiting for the right opportunities.  

Although the few times I did this the C side closed but A did not and now I am stuck in a loan I did not want in the first place  LOL.. so I don't do it.. rate of return is great but to go to all the effort to make 500 or 1000 bucks in a day is simply not worth the risk of having 100k tied up longer than anticipated plus the time it takes to do the wire and makes sure its all ok etc.. just not something I want to do.but for those that have scaled it and have deal flow and are doing a bunch each week I can see that being quite lucrative and fun for them..

I'm assuming finding a good contractor was a little harder than I anticipated.

Original from Peter Lynch“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch

@Jake C.So much depends on the investors liquid cash position at the time of investment, anticipated cash needs, anticipated cash in some, and interest rates available vs. cap rates that it’s impossible to formulate a general rule of them.

I’ve done smaller SFH or duplexes, but nothing on a later scale.What should I anticipate as an extra construction cost for doing this type of project that wouldn’t appear in a SFH or small multi?

Speaking from my past experience: I used to manage my brothers STR's which we're all on airbnb; There we're times when cashflow was just as it was written in the books, then there we're times when stuff would just come out of the blue and we hadn't anticipated it.

dilemma.......Our bank has just recently moved to loan of 75% LTV for acquired cost + anticipated rehab cost. 

Anticipating being up to 20 in the near future.