Really the only two things I care about - cashflow should at the MINIMUM sustain the business while equity capture increases your net worth.

Having a detailed, written Scope of Work keeps everyone on the same page.

If it's a rental, just give the loan with interest and when you refinances take the payout.Hi Chris, thanks for the reply.

Most good GC's will be able to get Subs and Materials at a discounted rate that you will never get....so the actual cost to you may be close to the same.That way, you don't have to: 1) deal with the Sub's crews (you don't know anything about the trades and can be taken advantage of easily), 2) Deal with City Inspectors - they hate dealing with homeowners/Investors, 3) assume any liability for faulty work , 4) worry about Lien Releases and stuff like that, 5) Verify that all subs have Liability Insurance/Bonds/Workers Comp, 6) be involved with materials...picking up, storage, warranties, liabilities, etc....Your time is better spent running your investment business - find a new property to flip, keep your books in order, etc.

Hello Brandon,The cost per square foot for property renovation is highly variable.

Rehab Costs - material pricing is national, so same in Detroit.

I live in Milwaukee, WI and the the quote is high. 

We’re currently developing a niche construction service in Los Angeles — stretch ceiling systems.This product is very common in Europe but still extremely rare in the U.S., and because of that, the demand from homeowners, designers, and contractors has been growing faster than we expected.This week we completed another project and learned a few things that might be useful for those working in renovation or home services:🔹 Stretch ceilings allow installation without demolition🔹 Jobs are usually done in 1 day🔹 Perfect for modern interiors, LED lighting, and high-moisture areas🔹 Strong margin business if the workflow is organized properlyWe’re currently building systems for:• faster installs• standardized materials• predictable pricing• and a scalable model for multiple citiesI’d love to hear from:— contractors— business owners— entrepreneurs who scaled niche construction services— or anyone who tested new-home-service models in the U.S. marketWhat challenges did you face when growing into new cities?

There are approximately 30 feet from the house to the street.

Quote from @Benjamin Louie: Since your wife will be materially participating in the Airbnb (cleaning, managing, handling guests, etc.), you won’t be stuck with the passive loss rules that usually block high-income earners from deducting rental losses.