While the project was profitable, managing unexpected costs required careful oversight.

Many investors are familiar with the concept of cost segregation studies and may have even had studies performed on their properties.

If its vacant, i'll open it to STR with a short calendar window, which is where the King will come in handy as well - Going from queen to king bed doesn't really create that much of an increased initial cost, so I'm just looking for things to stand out.

As an example I have spoken to many and have volunteered to share lessons learned from notes, private lending, or any other type of real estate and first questions are “what will you pay for referral fee” or it costs X to speakWhen I tell them I am not selling anything - they don’t care.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Hi Michael, This answer depends on the initial purchase price, rehab cost spent, and the ARV.

By funding the $185,000 purchase price and the $500 renovation costs directly, we ensured a fast and smooth transaction.

Once you find a house that you believe would be a good rental, meaning desirable to your target market of customers (people within a couple of mile radius of the place), and all of the costs of monthly ownership that you can accurately project fall below the rental amounts that you project that you can get from your target customers, then you have a possible business asset that you can use to produce income, and have renters pay down the mortgage, while hopefully it goes up in value at least with the rest of the economy. 

Sub-par work, cost over-runs, undisclosed delays and work beyond their expertise?

Should I expect the painter to cover the cost or is that something I should cover?