@Gabe GoudreauAsset management fees are always below the line items. 

.- CapEx: think about remaining useful life on the big ticket items — roof, HVAC, water heater, appliances.

What kills deals is the silent overrun, the 3-week delay you don't hear about until it's too late, or the contractor who cuts corners to stay on budget.The financing structure matters less than most people think, as long as you modeled it conservatively.

How do you all track: • Appliances and items in each unit (fridge serial numbers, HVAC install dates, etc

Good thing we had already modeled bridge from the start.You may have to restructure entities to align with lender expectations.

Once you're past 3-4 doors the spreadsheet chaos is real. every new deal I was rebuilding the same rehab cost model, recalculating ARV scenarios, trying to remember what assumptions I used on the last BRRRR.

What are typical major capital expense items for these buildings?  

Good question — furnished vs. unfurnished isn’t just a rent decision, it’s a strategy shift.Furnished rentals can increase gross rent, but they also change your tenant pool and operating model.

Since you are stress-testing your model at $1,150, you are building in the right safety margin.If you ever need a second pair of eyes on how to structure the 'exit' side of your next projects, I'm happy to help!

This would have been funded by the first equity infusions as part of the model.