Contractor estimates 5 weeks but I’ll say 2 months of HML holding.  

Some recurring advice I've seen in the "Intro to REI" videos and in the forums is to be conservative when estimating expenses, and I'm finding that makes it difficult to make any property cash flow, especially if I'm living in one of the units.For example, this fourplex: https://www.zillow.com/homedet... is only 250k (which is so much lower than most other fourplexes I've seen that it seems like there might be some additional due diligence required).

Hey @Noah McPherson It sounds like your renovation time estimate is pretty wide.

We are working with a bank for the triplex that is letting us do 20% down ($15,600) and they estimate closing costs to be $8,000 so we would be into that deal $23,600.

@Mark Ainley - Just curious what did you end up doing with this one......Did you get an estimate?

I have rental property, which I want to sell, but ....gain taxes.In my case it is exeptionalyl painfull, because I obtained this propertyas the part of divorce settlement and I am older person now.I already spent a lot of money for professional consultations, it helps but not to the end. ( lack of preperation from my site)I am in the process now to educate myself , as much as I can about 1031 exchange option.I want to be able to ask right questions during next expensive meeting with the lawyer orCPA.What I am looking for over her, for precious help....I am looking for recommendation of the websites which offer help with 1031,and this is their business,they do not require the client to be accredited investorthey provide the listing of properties for saleand what very important, they provide at least closely estimated analysisof the deal. ( price, rent amount, property taxes, other costs etc)After my investigations , I am the most interested in rural California,or Atlanta Georgia, or Charlotte North Carolina.During my searches I found website of type I am looking for, I think it was Atlanta,their listing was very limited, but provided this analyse.but I did not save it ( did not realized how preasure it was) and can not find it again.So please, if someone went through 1031 exchange process, please share the websideswhich helped to find the right property, even better if they manage rentals.My case is so pityful, so the cost to even higher limits is wort it.Thank you very much evaP.S:My expectations, with flexibilityTo have at least 600k from the saletake 120-150 k cash ( pay taxes on this amount)Invest in 2 sigle family housesTo have close to 2k cash flow from the rentpossible ?

Traditional rent would go for $650 but I estimate I'll pull in about $1,200 (gross) from Airbnb.I'm moving to California in a few months so I'll have to set up systems before I leave (cleaning, check-in, check-out, etc).

You can use that 50% as an estimate of what will be taken off a claim (Insurance Company Adjuster is the only one who can determine exact payout). 

The estimated ARV on 8% cap rate for this building is 1.4 million.

The combination of accumulated new construction deficit and sudden shift in millennisal thinking caught the housing industry by surprise, and with their pants down so to speak.To give you an example: the Milwaukee metro area has about 1.6 million people, about 360,000 of them are millennials, theoreticlly that makes 180,000 couples who are or will be soon looking to buy.