Was the cost to build worth the additional rent/value the property sold for?

We end up going over budget on house flips as well, so now I add $20k to whatever I think it's going to cost and at times that's still too low.

That means I brought $100k as my down payment and paid about $20k in closing costs, so I'm all in for $120k out of pocket and my loan note is for $400k.Second Leg:Loan Note: $400kCash Out Refi Amount Request: $500kClosing Costs: $10kNow for the second leg here, let's say almost immediately after closing within a month or so, I want to do a cash out refinance to pull my entire down payment out.

You just relist the asset on your 1065 (Form 8825) tax return with the adjusted cost basis (the original acquisition cost with whatever depreciation you took on your 1040).

They have a different cost basis.

With that said, my plan would be to continue getting as much overtime as I can at work, living with my parents in the few days that I'm off work, and investing in rentals in lower cost, higher cash flowing markets.

If you are referring to losing your money on the inspection costs then you’ll have to recall that this was a tenant occupied home and we couldn’t inspect it until it was under contract.

Valid reasons might include increased operating costs, property improvements, or market trends.Fairness and market rates: Rent increases should generally be reasonable and in line with market rates for similar properties in the area.

But generally lenders want to see the renovations outlined, costs, materials used, and specific descriptions (for example : install hardwood flooring for all bedrooms and living rooms). 

There was a company - remote cost seg.