Thanks Kevin Yeats I think this is a very sound framework to building a retirement plan.

This provides you with the ultimate flexibility to craft that exit strategy and for each investor use their own or a group 1031 to move forward or exit very easily.However, don't let the fear of not being able to do a 1031 exchange keep you from setting up a holding entity framework if that is what you want.  

When I found that, windows had broken because the frame work had been damaged and settled.

I'm in NY state.The book gives cost ranges for each of the individual rehab tasks, but certainly won't tell you how much things will cost in your specific area, using your specific contractors, working on one specific house with a specific set of finishes at a specific time of year given your specific ability to negotiate.As that last statement implies, no book can ever give that information...That said, the purpose of the book is to provide a framework for how to learn to estimate rehab costs, how to generate bids and how to put it all together so that you understand the process of creating a rehab estimate. 

Put it in writingThe process of putting it into words will help define the meanings behind the words, and will provide a framework to refer back to.

We lay out a very simple framework, are in the business buying and running apartments, run a vertically integrated company and share our successes and failures with our community.  

If not dividing in 3, then at least in 2.Current numbers:- Expected purchase price: $385K- Downpayment: 10%- 100% Rehab cost financing- Contractor bid: between 60K to 100K (30K + between 30K to 70K to fix the failed septic)- Surveyors cost: 30KThere are 2 main issues:- Deal structure: The property would fall under his family LLC, so we need to adjust the right legal structuring and contracting framework for me to enter as a foreign equity investor.- Failed septic: At this time, it appears that the contractor is not seasoned of septic issues, and we do not quite have a good idea of the failure details.Therefore, in addition to the whole subdivision ballgame, both issues above are fairly new to our ventures, so this will be interesting.

Looking at demo, permits, architect drawings, upgrade the electric panel, framework, roof, windows, extend the chimney (needs to be a certain number of feet above the roof-line), electric, heating (and maybe cooling), plumbing, flooring and walls, doors and trim, bathroom tile, fixtures, paint... 

The market has changed from years ago but the framework is similar, I hope my experience helps you.  

they will indeed be left "holding the bag" when the banksters NEXT "pull the rug- out..." again... as they keep getting away with doing every decade or so, like "clock work..." because of the Roman 'Crown' and 'UN' framework and legalese, etc., but that's apples, vs. oranges."