If you're still learning and this is your first flip, or if your ARV will not pass muster according to USPAP appraisal methodology, don't waste your time trying to work with Lima One, just take the 12% and 3 points from a bottom feeder HML.

I understand some methodology and ideology works for some and does not for others.

And, doing it with an engineering-based study (IRS' preferred methodology) with audit defense included, is going to be even more important.

I like this thread.It kind of always feels like we have to "convince" the right agents of what we are doing and our methodology.

@Prashant Bagri While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

While there are tons of advice and methodologies for investing without any money, you'll note that the investors who aren't trying to surmount this problem have decent W2 income to support getting financing and to build up their cash. 

As many of you know, the model is you pay a significant upfront cost for mentoring, education  and the ability to invest with the LU group following its methodology (a friend analogized, "LU is investing with guard rails")  There are many other options for passive investing like BPs Brandon Turner and Grant Cardone but I'm drawn to the structured education piece that LU offers with the possibility of future syndication.  

What you need is a deal, which means you need a methodology for figuring what is a deal and what is not. 

., what “non-tangible” items would you assign a value and what methodology would you use?

The guy to ask is Ryan Robinson per this story: http://www.bizjournals.com/austin/blog/at-the-watercooler/2014/02/how-many-people-move-to-austin-a-day-heres-the.html You should send him an email to get his source and methodology.