But, his FICO used to acquire the LOC which pays expenses essential to complete the transaction is a significant contribution; equivalent in value to the consumed amount of the credit line.  

The process of development, especially one-offs, is so time-consuming that I tend to want that profit when finished because that was the whole point.

Older homes pretty much never satisfy code.

You should be able to verify their story by seeing if they satisfied the judgement. 

On a side note, I never did understand why people were satisfied with the 1% rule (unless they were hell bent on staying in their local market) when there are plenty of markets around the country that surpass the 1% rule.

Make a list of competing properties and secret shop them - Which is time-consuming.

We’re facing unprecedented job losses and potential long-term changes to governmental policy and consumer behavior.

That way, you have a single person to go after if you aren't satisfied with the work or if something goes wrong.

It's very satisfying to help clients like that continue to grow.

@Jessica Prak Like you, I am only about 2 weeks into Biggerpockets and there is more than enough information on here to consume.