This needs to include the offer/purchase price and Closing costs.Have you applied for the HELOC yet?  

With that type of loan, you should be able to or come close to getting all your cash out the property including the rehab costs, depending on the new appraised value.

Hi @Ailen Li I have had projects in Boston where we had to put in brand new kitchens and bath.

If not, you need to include it.

HI AllMe and my partner are jumping right into this, we have a multiplex property we want to invest into.  Sell Price is 600KWe are have the cash to bring in 30% and little more.Issue is banks are not ready to loan us...

Do you const. costs include the permit and impact fees, such as school fees?

Write out the basic agreement on a yellow pad and include all of the details.

If you choose to "House Hack": with your partner, get an FHA203k (3.5% down payment, with renovation money included), ask for the maximum amount of "seller concessions" (state depending) and purchase the property.

What were your maintenance costs for the past year, to include replacing broken furniture, dishes, etc?

Like most things in life, it's a double edge sword.Buyers benefits include being able to negotiate terms, lower down payment, not having to qualify for a loan with a bank (if you have issues preventing approval).