Even on light rehabs, things like soft flooring, outdated wiring, or hidden plumbing issues in mobile homes can eat into margins fast.

Given that you've done it already you shouldn't have too much problem getting the financing together.You just want to make sure to have your soft costs in place when you apply.

Thanks Hey Mayank, I think it's best just to ask for a soft quote based on verbal information.

Soft, indirect lighting will elevate the space without looking gimmicky.Small design choices make a big impact on guest experience and ADR, so think about what aligns with the upscale, intimate vibe you want.

Also you need differentiate your construction costs (hard cost) vs the development costs (soft costs). 

Ofcourse, as a percent soft costs would depend on the size of the project as some of the costs don't scale with the size.

In the future, I'd request a "soft pull" from a lender and provide them with your estimated credit score to get a rate quote.

I have a great inspector who will do "soft" inspections (In Indy area) for 125, he has a background in foundations, former GC and very knowledgeable overall about most everything!

Also you need differentiate your construction costs (hard cost) vs the development costs (soft costs).

Business has been soft at the warehouse, but it is well-located, in good shape, and I expect business to perk up over the next five years.