Refinancing if HM was used is something that should be considered at the start and activated before the HML terms increase.As I and others have said before, make sure you have a solid contingency built in to the project before you start, be realistic with the reno and ARV amounts and have more than one exit strategy in case things have shifted.

Take them to the ceiling.

You won't know the extent until you are in the project.

Quote from @Aaron Rogers: I'm a new developer in Daphne, AL with projects in Mobile AL and surrounding areas, what's the best way to find active developers interested in buying the paper of my projects or JV for vertical? 

I have a project management background so that helps as well.

Maybe the numbers would work for someone else, but my rental standards are a little higher (eg. for me, drop ceilings are alright in a finished basement, not an upstairs bathroom or kitchen.) 

Investment Info:

Large multi-family (5+ units) fix & flip investment.

Purchase price: $1,000,000

Cash invested: $150,000

purchased this distressed off market 5 unit near city park; worked with ci...

If the ceiling height and layout allow, finishing it into a bedroom or living area can raise your property’s value and make it more attractive to tenants.

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $520,000

Cash invested: $150,000

Sale price: $899,000

bought distressed duplex; completely renovated; wo...

Current NOI is around $29k, with projected/stabilized NOI closer to $53k once fully leased and with a couple units finishing renovation. 4/7 leases were just renewed close to market rent, but not as high as are updated units are projected. 3 vacant, 1 just renovated now being marketed for rent and should be occupied prior to closing. 2 will likely be renovated prior to close, but not sure they will be occupied w/ rents in place prior to closing.