I would also lock in finishes and materials upfront so there’s no room for interpretation.

They are probably thinking just the cost of materials but it is going to cost more than that obviously. 

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

. - How would you feel about your PMC getting you sued?

., 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?

Line has most tree roots where the two different materials meet.

I'll add that price point impacts turnkeys also.Labor & material prices don't change much whether one is working on a $100k rehab property or a $500k new build.So, the lower you go in price, the harder it is for the turnkey provider to generate a profit - and the more likely they are to cut corners:(

Even standardized materials cost money.

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.

We're working on our 15th+ STR closing for the year - with several clients still hoping to invest AND materially participate this year!?