It's more of a worst-case-scenario schedule.We inspect in advance to get a feeling for how the tenant may leave the property.

That's $22,500 you can use for any surprises life throws at you or to make your new house feel like home.Downside: Your loan's gonna cost you more in the long run because of that higher interest rate (6.625% is no joke!).

And the answer is always the same :-) There is no way to accurately do this...too many variables and moving parts, plus it varies too much from one locale to another.You need to find a really good General Contractor and pay him to walk the property with you....over and over....until you feel really comfortable estimating yourself, and that should take years.Alternatively there are online calculators (even one here in the tools section) but I would not rely on them for the reasons listed above.

I feel that this is a series of stupid questions, but I’d like to get multiple opinions.

It is being managed by a PM and feel they are doing everything.

While I have not encountered this, and know there are very odd requirements placed on property owners looking to develop land, this feels a little off given there are other property owners on the road and life-safety access tends to be the top most requirement in all roadways.

Happy to talk more, feel free to reach out! 

Welcome to BP Maria, we noticed you aren’t a Pro member at this time and we would love to offer you a 20% off discount to start taking action in investing with confidence!

I would recommend keeping the appointment you have and then if you don't feel confident after speaking with them reach out to someone specialized in real estate. 

Welcome a board and should you ever have any questions feel free to reach out or send a quick message.