Definitely check it out in the future though - it's a good community mostly of people who are actual investors or who are just getting started.

Is that an estimation or actual figure?

The rest of the job is actually pretty straight forward. 

OP with the numbers that you've posted that's actually a very nice return as a rental. 

I close in 4 working days and I may be finished before I even get going on my first actual flip.Any and all help and suggestions would be greatly appreciated. 

One actually lives there w/ no utilities, I'm told by neighbors.

We will at that time claim gift taxes for the difference between market and the actual sale values, minus the annual gift tax exclusion.

One thing I'm having trouble with is getting the numbers for construction of the actual storage lot.What I'm not looking for is a massive bid, with hours put into it.

So when I'm actually living in the house, my strategy is to get at least half a dozen of LOA's under my belt.

@Daniel Kokodoko There are countless factors that go into getting to the metrics where you can actually calculate a cap rate - so you're going to have a pretty tough time getting an accurate number for an entire area.