I've done my due diligence (Estimated rehab budget, researched comps, reviewed the forums ;) and have a contractor lined up).I'm still super nervous and I'm sure that feeling does not leave but I'm just wondering if you experienced investors have and words of wisdom when the financial and anxiety levels are stretched!

I use a bunch of different tools, including the BP Rent Estimate, but as detailed in my above post, it doesn't seem to be confident in the rent comps its spitting back out.

.🔹 Step 1: Deal Structure (as I understand it)Purchase price (effectively):$10,000 down + ($1,600 × 30 mo = $48,000) + ($200 × 60 mo = $12,000) = $70,000 totalMonthly outflow (including taxes + utilities): ≈$2,050–$2,200Current rent roll: $550 + $475 + $400 + $300 = $1,725/monthValue estimate: $60k–$70k per CMA (pending confirmation)🔹 Step 2: Current Operating SnapshotGross Rent = $1,725/month = $20,700/yearExpenses (per seller estimate) = $2,050–$2,200/month = $24,600–$26,400/yearNet Operating Income (NOI) = –$3,900 to –$5,700 per year (negative cash flow today).So as-is, you’d be losing money each month.🔹 Step 3: Upside Potential — Raising RentsRents are well under market (you said).

Investment Info:Single-family residence renovation investment.Purchase price: $80,000Cash invested: $55,000Sale price: $374,900Contributors:Peter VekselmanPartner Driven partnered with Jason Arguelles to renovate and transform a distressed home on Republic St in New Orleans, Louisiana.

I suggest a rent credit combined with below market price/value add that covered at least the estimated cost of eviction and lost rent for 1 or 2 of the residents.

Quote from @Graham Bozarth: I just wrapped up my first fix-and-flip project that turned into more of a BRRRR deal, and I’m looking for some feedback on what I could do better next time.Here are the numbers:Purchase price: $54,800Total invested (repairs + all costs): about $145,000Goal rent: $1,200–$1,300/month (not rented yet)Plan: Refinance to pull out $100K to pay off my LOC, which would leave me about $45K still tied up in the propertyDeal analyzer shows: Around $140/month cash flow after all expenses if I refinanceThe renovation ended up being much more than expected.

I recently renovated my first rental property.

Quote from @Jules Aton: My biggest waste of time has consistently been hold ups in renovations.  

@John Matthew Johnstonfolks will probably chime in with low-ish estimates but in my experience closing costs can be fairly robust if you're going through a broker, and depending on whether you are buying down the rate or not.could be 1-2 pts to broker and 1-2 to lenderplus the usual title and closing costs

Here’s the listing:--> https://www.zillow.com/homedetails/398-402-Boston-Post-Rd-Wa... price: $350,000My plan:Live in the smaller homeRent the larger home immediately (after light cosmetic work)Use FHA (3.5% down) + CHFA (down payment assistance)Reduce my personal housing cost as much as possibleSlowly fix my unit over timeBuild equity and eventually refinance to help fund a future businessNUMBERSPurchase Price Target:Offer target: $260,000Expected seller counter: $275,000–$300,000Currently listed at: $350,000FINANCING (FHA + CHFA)FHA 3.5% downDown payment covered by CHFA assistance programEstimated interest rate: ~6.5–7%MONTHLY PAYMENT ESTIMATES (P&I + Taxes + Insurance)At $275,000 purchase:Mortgage (P&I): ~$1,775Taxes: ~$420Insurance: ~$150--> Estimated Total: ~$2,350/monthAt $300,000 purchase:Mortgage (P&I): ~$1,940Taxes: ~$420Insurance: ~$150--> Estimated Total: ~$2,510/monthRENTAL INCOME ESTIMATE (Big House)Based on local comps:Low: $1,700/monthTypical: $1,800–$1,950/monthStrong (clean/paint/update): $2,000–$2,100/monthMY OUT-OF-POCKET HOUSING COST AFTER RENTIf I rent the big house at $1,900/month:At $275k: ~$450/monthAt $300k: ~$610/monthIf I rent at $2,000/month:At $275k: ~$350/monthAt $300k: ~$510/month(I currently pay $0 in rent living with family, so my goal is to keep my costs low while building equity.)REHAB ESTIMATESBig House (rent-ready):Cleaning + paint + small fixes: $1,000–$3,500Optional cosmetic upgrades: $2,000–$5,000Small House (my unit):Cosmetic repairs only: $500–$3,000Optional improvements (done slowly): $2,000–$7,000Major systems (worst-case ranges):Roof: $8k–$12kBoiler: $4k–$8kElectrical panel: $1,500–$4,000Plumbing repairs: $500–$2,000 typical(Inspection will tell me more.)CASH NEEDED TO CLOSEWith CHFA:Down payment: $0 out of pocketClosing costs: varies, but often reducedExpected out-of-pocket: $1,400–$1,800Inspection: $400–$600Appraisal: $500–$700MY FINANCIAL POSITION(To give you context for risk tolerance)Income: $5,000–$6,000/monthMonthly bills: ~$2,600Emergency fund: $10,000Credit: 717Access to 0% APR business credit card (likely $8k–$12k limit)Currently pay $0 rent (living with family)MY QUESTIONS FOR THE COMMUNITY1.)