We end up returning $1000 - $1500 in excess materials when we do the final cleanup and recoup some costs.  

Of course, the more the merrier in reserves, but anything over 6 months is excessive IMO and reduces your ability to take on new projects.A common mistake I see is buyers not putting the tax credit they received at closing into reserves.

Hello Fellow Bigger Pockets Friends:I just went through a transaction in Newport Beach and had escrow fees in excess of $15,000.

Hello Fellow Bigger Pockets Friends:I just went through a transaction in Newport Beach and had escrow fees in excess of $15,000.

The override would be on all distributions and excess returns upon sale once all initial capital had been returned to investors.  

[This is the weak point where your friend could take your money.]Do NOT receive the refinance loan proceeds from the title company (except proceeds in excess of your friendly loan, if any and normally not).Refinance loan proceeds must be sent to your friendly lender otherwise two things occur: 1) the refinance lender and/or the title company gets suspicious this is not really a refinance, which may kill the refinance loan and; 2) you don't get the discount on the title insurance due to buying title insurance again within a short period due to refinancing (in Texas) because you’ve tipped them off that you’re not really refinancing.

Here's the problem, that area is the only beachside area in Brevard with an excess of inventory.

Is there an excessive number of single parent homes?

Almost 20% for a $900 property is steep.10% of rents, 1 months rent as the leasing fee and a smaller fee for lease renewals is what is commonplace in my market.Them hitting you with the 10% & the $100 is excessive as well as the full months rent for the renewal.

There may be excessive moisture coming from the slab or subfloor causing the laminate to warp or as Michael stated the installer may not have left enough room for expansion.