I have been in touch with contractors on the Tree Times house. So far I have taken two contractors through the house. 1 just for electrical and the other for the entire job. I’m still waiting to hear about the entire job bid (broken down into sections), but the electrical bid came in higher then I wanted. I will need about 3 more whole house bids before I make a selection. Here is a copy of the scope of work for anyone interested in a sample. This does not include time lines or cost.
Tree Times Scope of Work

I have talked at length with the hard money lender. They are very interested in funding the deal at this point. I still need to give them an itemized cost scope of work. I’ll get them one when all my bids are in. I want a better idea myself.

I have now gotten 1 property under contract with the PM. The vacant rental was left in pretty good shape. Some minor damage, but considering 5 kids lived there, this is pretty good. The new PM will be cleaning it and getting it rent ready very soon. 75% 1 months rent for lease up and 10% Pm fee. A bit steep, but it will work for now. Denver PM fees average 10% btw.

I got word that the 2nd lender will be reviewing the file for our personal home within the next week. It seems they are moving quicker then normal. Not sure why. I am sure they will likely counter us, but we will play that card when we get to it.

For now, I will leave you with this quote “Success always comes when preparation meets opportunity” Henry Hartman