Another issue will be the insurance, if the tenant is to be covered they will need a renters policy, so effectively the buyer is paying for two policies.I don't believe that estimating the value of the deal is as simplified as mentioned.

(Btw, everything I just said if very simplified to illustrate the basic points...please nobody beat me up

For example, to simplify for purposes of illustration, if your credit profile is strongest at Bureau A, then you should apply for credit with creditors that access credit info at Bureau A.In sum, you can get better results for yourself while at the same time saving money, by avoiding these kinds of offers.Dan* Not intended as legal advice.

Can somebody please break down the 50% rule to me in simplified detail, thank you very much for the help.

A report with 15% CoC return is what I like to see, to simplify it anyway.

What else do you think should be considered and how can it be simplified?

There are many success stories with flipping properties, however I fear you are about to overly simplify the process which is how many inexperienced rehabbers lose a lot of money.

Jay, have the checks made out to your LLC if you want.Michaela, no, a land trust is simply a shell type entity used for asset protection and anonymity, among other things, like a simplified LLC

@Brandon Turner may have lumped vacancy in with the expenses to simplify application of the rule?

My going full time for the company allowed us to ramp up our acquisitions and management contact but even before then, we found the property management piece very doable.However - and I can't stress this enough - every move we made was toward simplifying tenant management and tenant expectations.