The concept of converting amortized interest to simple IS valid.

All points are valid in those last two posts.

I just wanted to validate that.

Those are valid concerns when you are contemplating a real estate strategy and the risks associated with it.Let talk about the pros and cons with the BRRR strategy.

Both very valid scenarios. 

@Kathy Carpenter Kathy - @Ken Jernigan and @Tanner Crawley all make good points and are 100% valid.

Contract agreement, you should consult an attorney and have one drafted for your specific requirements (at least including a written scope of work, any drawings/specifications you have, construction schedule, warranty, payment schedule, license and insurance requirements), and have it amended over time as issues arise. 

Can anyone reccomend a warranty company and tell me what is covered?

These numbers, along with current market comps, are used to put together a detailed report to validate the value of the house.If you bought the house for $50k, didn't do any work to it, but are asking for a loan for $150k, then the appraiser has to prove why you're house is worth so much more than what you paid. 

I am looking at a 26 Unit rehab project in the 1700 E Raines Rd area (Memphis, TN) and I am having some questions about tenant turnover and numbers and project validation.