Of course you don't want a GC dragging their heels or walking away from a job but you also don't want them to omit doing work just because it will cause extra time.

But let me tell you- when you alter you innards to that of a landlord, all of this becomes easier- and your tenants heel when you tell them to heel.Bottom line is that no attorney is going to solve this- you must man up or hire a management company.

Maybe I'm nuts but that's going to put more than a few buyers back on their heels and there's a solid possibility that the deal get killed post-appraisal where the buyer gets told they need to increase (nearly double) their downpayment.

I've looked at the daily usage online and it shows certain days where anywhere from 900 to 1500 gallons are used in a day, then normal for a week or so, then bam, another big spike.

., I reckon you need to find a same-minded, same-heeled JOINT-Venture Partner.

As well, the opposite is true, if the investment time cycle of a project is very short, the IRR could spike very high, especially when an investment period is under one year.Once the first dollar of equity is invested then the clock to calculate the IRR starts and ends upon the final repayment of the original equity investment, any preferred return (called "pref") and the backend profit splits allocated to the equity investor.

But it could spike, could you afford for your ARM to eventually increase to a much higher rate. 

We need a large unemployment spike for that to happen over time.

Now the price is spiking up and the ratio in good areas are catching up to some secondary and maybe even primary markets.

If there is a real estate correction, but your property is full and people are paying rent, then you can just ride out the rise in cap rates and wait for better times to sell or refinance.But if there is a recession, and 5% of the people on your property stop paying you because they have lost jobs, and renters start doubling up with friends and family rather than rent apartments because they are out of work, then you may not make your debt service.So you need to be extra careful right now that any property you buy can pass a stress test of a spike in vacancy or economic vacancy.