.$4400    Total and this is not doing short term rentals which often double or triple that income. 

I love the ambition to double your portfolio in one year, I hope you hit your goal and more! 

Yes, there are some markets in the midwest where it might be possible, but typically you're going to need a bigger rehab budget than that to double the value. 

I’ve seen “aggressive” underwriters build in double the amount of cushion.

It took forever to renovate my first property- triplex in Cleveland and more than double my budget.

My concern is the interest rates are about double (6% vs 12% for hard money loan). 

It would rent out for $2500 a month producing double digit ROI and over $600/month cash flow.

In fact 100% of the time the unrepped buyer is the high bid, I counter them even higher for 2 reasons. 1) I know they are still going to go higher when they are unrepresented. 2) So when someone comes bitching that I double ended the deal, Im able to show that I didnt make it smooth sailing for the unrepresented buyer, we in fact negotiated them even higher up in price. 

Send me a private Dm, my boss is a contractor in the area, we might be able to help.One caveat I will say is that cost to build is a little higher with materials and delays right now so double-check your budget from your contractor.

I offered lot value and he passed, it's now contingent at almost double that.