Always check local regulations before planning your project.A fabricated (prefab) garage is significantly faster, cheaper, and easier to install, consisting of pre-built components.

A: If you need to know how to share a calculator report to the forums check for step by step instructions hereQ: What if I make a mistake or forget to attach a deal?

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.Metro Detroit has 132 cities, the City of Detroit 183 Neighborhoods, which we’re analyzing and classifying.Horror Stories:https://www.biggerpockets.com/forums/48/topics/1137397-baltimore-a-path-to-never-ending-painhttps://www.biggerpockets.com/forums/432/topics/1231840-sell-at-a-loss-or-rent-at-a-losshttps://www.biggerpockets.com/forums/311/topics/840134-memphis-turnkey-tenant-turnover-costshttps://www.biggerpockets.com/forums/963/topics/1195280-experience-of-oos-investing-in-cleveland-after-15-years

I can check the condition of the house by using inspector, right?

I pulled data from AirDNA, which projects the following for this area (high confidence score): Projected annual revenue: ~$37,000ADR: $266Occupancy: ~38%  On paper, those numbers seem reasonable, but I am looking for local or operator experience to sanity-check them. 

It’s always better to double-check with a qualified professional before making tax decisions.

Use slightly better comps, measure the finish premium, and sanity-check your ARV with an agent who knows that micro-market.

Check with your lender to make sure they will lend on a property in a fire zone like Lake Arrowhead, even with insurance.  

Come check out some of our projects!

Building costs swing wildly depending on where you are and how custom the build is, but here’s a quick reality check from what I’ve seen lately:Basic spec or builder-grade new construction: around $225–$275 per square foot.Mid-range custom or semi-custom: more like $300–$375 per foot.High-end custom homes (especially with slope, trees, or tight access) can hit $400–$500+ per foot real fast.A lot of folks forget how much the site adds — clearing, grading, utilities, septic, driveway… those things alone can tack on $50–$100k before you even pour a slab.As for permitting, brace yourself.