Meanwhile most who obsess over entity formation fail to carry proper insurance, work with unlicensed and uninsured contractors, fail to execute contracts, can't explain the difference between being listed as additional insured and certificate holder or request to be listed as additional insured on vendors insurance policies etc.

This seems like a marketing ploy that might appeal to a small group of travelers. 

A rule of thumb I use to advise my clients is: 1) the loan guarantee is worth 20-25% of the deal, 2) finding and vetting the deal is worth 25%, 3) executing the business plan for the property is worth 25% (i.e., overseeing contractors/property managers, etc.), and 4) contributing the money is worth 25-30%.

They are the last person you want to tell that you are executing a wrap. 

Hobbies include travel, camping, and disc golf! 

These transactions don't included additional expenses the business incurs like meals, travel, dues, subscriptions, marketing, accounting, licenses, phone, internet, etc.

I am planning to travel to Columbus and drive around but I can't possibly get to know an entire area in even a few short visits. 

With that said, there have been more realistic seller expectations to the tune of significantly reduced purchase prices both pre and post executed agreements.

To me, this is one of those short-term deals where the actual rehab costs need to closely align with the borrower's estimates, while the execution of the project from beginning to end would require little to no problems or delays for everyone to earn a decent check.

We were not there often due to travel and had no pets, apartment was returned in the same condition that we received itI am wondering if a normal wear and tear allowance calculation is something that actually exists and by law they need to provide the hourly rate breakdown and what was cleaned correct?