In order to extract the most value, you'll need to put up an A-class property, which can balloon your costs.Construction time could easily be a year or longer.

While I understand what he says, in that more equity can be realised by refinancing than what a flipper can extract as profit, an important part of the equation that is often overlooked is that it absolutely has to be cash flow positive.

I test and hypothesize everything and I extract what works, concentrate it and apply it at super strength.The result... well... speak for themselves.

Short of sharing my quickbooks P/L (which is currently being worked on by my bookkeeper), I don't think people will be convinced (or more likely the same people will still write negative posts with no real meaningful discussion)It's the exact same thing when I shared about traditional rentals buy/hold investing.

If anyone has more to add, trust me, when I have a moment, I'm going to read it, and it's very meaningful to me and appreciative.

There's no meaningful difference between the two, and net listings are illegal in almost every state. 

Here, I don't see any meaningful security that you can offer.

I know there are PM's on BP, especially self managing, that will disagree with having a grace period, but you remove a LOT of drama by having a clear 4 or 5 day grace period, not counting weekends and holidays, with a equally clear and meaningful late fee (within local law) that you consistently enforce on all tenants.

The rest are derived from the REAL numbers and even those become less meaningful over time.  

Thanks,My guess is that some newer investors find hiring contractors to be a daunting task (which it most certainly as for newbie investors) and they think that by partnering with a contractor, it relieves them of the responsibility of having to do their due diligence, put together a scope of work, put together a budget, etc.The problem with that reasoning is that they aren't relieving themselves of the responsibility -- they are just transferring it to someone who probably isn't any better at than they are, and are locking themselves into a relationship that would be a lot more difficult to extract themselves from than just firing a contractor.Plus, investors tend to make less money this way.In other words, partnering with a contractor is most often a lose/lose situation for an investor.