So, I decided to take courses in it to calm my curiosity; I started in real estate when I was taking real estate courses for elective credits last semester in college.

Out of curiosity Will, what does it cost you for cabinets on one of your high end remodels? 

If the property is in reasonable shape then the cost of FC is mitigated and the holding costs will be for preservation service, accrued property tax, sales costs on liquidation and if needed, any repairs to make it financeable to an owner occupant.

Interest accrues or is charged as funds are disbursed. 

Matt R.The numbers will be different per location, but if an investor doesn't accrue for these expenditures, then they won't have a clear and accurate picture of how the investment is really performing.

I was actually taking a look at this service a few weeks back out of curiosity.

Originally posted by J Scott:You'll basically need someone on the ground in the location who can tell you what ARV is, someone who can look at the properties and estimate repair costs and someone to deal with the potential buyers (finding them, showing them the property, etc).Well I don't plan on doing it until I have enough experience, it was just something I had recently heard about and wanted to know more about the process outta curiosity.

Recently, via CL, I began looking into what the going rental rates were in areas I purchase - simply out of curiosity.

We will meet with an attorney but curiosity killed the cat until then.

Below is how some landlords deal with this and I can't speak to the legality of it.The best solution to this is to add a clause in your lease in every place where an additional fee accrues to you, that expressly states that the tenant agrees that the additional fees are rent due to you.