Doing it that way also allows you to get a general idea of how much income is needed to at least be close to breaking even. obviously being close to the break even line is not where anyone wants to be but it is interesting and useful metric.

As a general rule of thumb it's smart to pay for 10 - 20% of the total costs (purchase price + rehab) out of your pocket and then finance the rest with hard money. 

The guy is a total machine, and it is incredibly humbling that he is 6 years my junior but knows more about real estate and building wealth than I may ever.

Obviously anything can be negotiated or it depends on what you agreed upon, but what do peers in the industry consider acceptable for this and whats considered unreasonable... 

Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.

I don’t focus on the total interest paid over time metric.

As a total beginner at the time, I found the educational content helpful and informative.

If you are ever looking for a good contractor he is someone who I obviously trust. 

If I used cash it would have been $8,500 and if I used Amex travel portal or United portal it would have been hundreds of thousands of those hard earned points :)Not a total expert but happy to give tips :)

If you're refinancing to a business purpose loan that's totally fine, but chances are good you'll need a lease in place for the unit you were occupying so the lender feels confident that it's strictly going to be used as an investment property.