Some mechanics liens etc are not always extinguished.5.

Originally, I was listed as owner-builder on the renovation permit for Mechanical, Plumbing, and Building.

Hi @Andy D. this is from one of my loans (emphasis added):"18.

Definitely seeing emphasis on condo/condotel distinction; usually in reference to financing but probably important for other reasons too.Good luck on your next property!  

@Golan CorshidiYour friend does make a good point about stocks providing a potentially high return with low effort; emphasis on the low effort.

If your pulling every mechanical component out, most interior wall and ceiling cladding, then the ROI on the energy upgrade may spec out nicely over a period of yearly savings (many years).

@Michael Maloney if you are a long term investor, you shouldnt worry a ton about a "great deal" but that the deal is mechanically sound, youre not buying a money pit, and focus on location.

I'm trying to understand the additional cost involved, here's what I've got so far:FinancingHolding CostsMarketing/Sales/CommissionAm I right in understand that permits (thus the $230,000 shown) would only cover mechanical, plumbing, structural and electrical work?

No.So you have a computer background.Well I have a Mechanical Aerospace, math... background.. does this mean I am going to make a mold out of clay heat it up,  and poor molten iron in the mold to create the housing of a alternator when I build my own car?...

You'll notice more in that area because you're already spending time there, and it will also be easier to pursue properties there by talking to the neighbors, checking records in town hall, etc.I'm active in the RIREIG group which meets monthly in Warwick, and we've had a number of real estate focused attorneys speak at our group over the years, all of whom are familiar with assigning contracts or double closings (the two main mechanisms of wholesaling).Attorneys who come to mind for having spoken recently and focusing on real estate are Adam Rose in North Providence and Melissa D'Ellena in East Greenwich but I think we even have a few attorneys who are members of the group but haven't presented yet.Other than that it sounds like you have a great story so far and are off to a very good start with those BP books/resources.If you have any other questions please let us know, and welcome to Bigger Pockets!