And you may be surprised how many of these exist outside of the medical professions.On another note: Furnished Finder is a difficult platform for both travellers and hosts to master (It's just quirky and clunky: The leads are grouped in a wierd way, and there's no functional calendar for availability, among other things), and we see a very low response rate as a result.

Most investors I know underwrite with a conservative assumption like yours so there are no surprises down the road.

Appreciate the response, obviously not what I was hoping for but not surprised. 

Work closely with the title company and borrower early on to set up regular funding draws — that prevents surprises during the rehab phase.Consider a pre-work inspection to uncover potential hang-ups before hitting the market.

It is very important to plan a cushion from the start, usually padding the budget and timeline by at least a few months so surprises don’t wipe out the margin.

Better to be pleasantly surprised than stuck holding.Exit strategy.

Cash & exit flexibility:You’ve got $25–30k — that’s solid startup capital, but it doesn’t leave much room for surprises (furnishings, closing costs, and the “90% done” rehab).

The total cost is not unreasonable, but I am questioning if it's all truly needed.To give you a better idea, he has a few packages available that scale up in price and services:Bronze ($497): Includes LLC formation, a custom operating agreement, and a year of statutory agent service.Silver ($897): Adds the EIN, an LLC operations manual, and some ongoing compliance/task alerts.Gold ($1,397): The most comprehensive package, which includes a revocable living trust to keep our names off public records for privacy/asset protection.The 70+ page estimate came as a surprise, and it makes me question if this is a standard requirement for a new partnership.I'm hoping to get some insight from those of you who have created similar partnerships:1) Is this a normal process?

A couple of tips that might help: start networking with local lenders early (especially ones familiar with FHA/owner-occupied loans), and run the numbers with conservative vacancy/repair assumptions so you’re not surprised.

Renovations almost always take longer than expected, even when surprises are minimal.