I've helped manage 100s of estimates for residential contractors, producing nearly 100 myself.Disclaimers: I'm not currently a contractor, nor appraiser, nor licensed.

So it is safe to say, the business has to pay for 100% of it's operations, from about 7% of it's intake potential client's. 93% are JUST an expense with NO revenue produced. 

Another thing I'd highly recommend is talking to property managers on BP to get some feedback-- it's probably very rewarding and can produce income without many starting costs, but it does come with headaches.By thinking about your next steps, you're already on the right track.

I do not have large reserve of capital although do produce enough through my current properties to Fund 200k of repairs over next 2 yrs. 

The idea of a natural turnover seems more of a benefit than a drawback to me, but I'd love to know some rules of thumb for just how frequent can be expected. 

However, given the critical nature of financial transactions, especially in the real estate realm, I'm seeking your expertise to determine the legitimacy of this opportunity.Here are some key details:1.

Many times experience of the buyer, credit history and reserves in addition to what income the property can produce will factor in how the lender will structure the loan. 

However, damage occurred anyway as a result of the nature of the work being performed.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

The current unserious nature of this business irks me but this person would not fit that category.