With that said, I would still proceed with caution when underwriting, analyzing and projecting returns, but, don't simply buy into everyones thought that the market is doomed, just because that's what everyone is saying.Credit is definitely tightening a bit, meaning less loan proceeds than a few years ago, but banks are still lending with historically favorable terms.

The kitchen renovation still remains and I am not 100% sure the end date on the project. 

Another consideration is if those numbers do pan out, flip the property and get two more projects working in the same manner.

I'm almost done with a bunch of projects which are laying a strong foundation for future growth. 

Every deal that I put out is put out with a full "project analysis".

You can meet great contractors who don't even have time to answer here or do marketing for themselves due to their continuous project schedule.

You may need to do a few BT to get to $30k- apply for fee new cards with sign up bonus and 0% interest promo that way, you can fund most of your rehab and reward yourself with free travel after you complete your project- get HELOC if you have enough equity in your house- re-finance your car if it’s paid off and pay it off after the project is done (Penfed sends you a check for a car)- apply for Business Loan if you have business

If it intimidates you, don't worry, I will attempt to be concise and provide a laymens terms summary.Basic statistics crash course:Obtain as many sample rent data as possible (Zillow works)Define alpha for null hypothesis testing ( 0.05)Run multiple regression analysis (#bed, #bath, sq ft) against active rental list prices.Observe P-values for each metricResult:#Bed - 0.02#Bath - 0.04Sq ft - 0.02All are below or equal to 0.05, reject null hypothesis (statistically significant).Create multiple regression line using coefficients for each metric.Input variables from project property and solve for rent!

It took about year to get the project done.

So obviously we calculate this against projected gross rent- minus debt service capex vac...and we receive our cash on cash return %.