Meaning that until you pay off the 0%, no payments you send them will ever knock anything off the interest or principle on your $40 recurring charge.

Especially those parts of your business that recur frequently.The example I always give is how on my first few flips, I'd spend hours putting together materials lists, visiting lots of stores, picking out lots of materials, buying them, picking them up, etc.

Assuming the larger capex items like roof and furnace have been updated within the past few years, do these properties have small, annoying, recurring expenses that higher priced/more updated properties do not? 

You might say I have a persistent, recurring dream of the road less travelled...to wealth and stewardship.  

It’s an extra complexity with maintenance and cost.It’s more than just the fixed cost of install, it’s the recurring cost as well.

- We have recurring tasks, as well as other projects including fires that need to be put out every day.

I use separate general ledger accounts for initial non-recurring rehab to provide visibility on operating results and comparability to other investments and future periods.

But these days recurring customers seem to get charged more than new customers.

Also, if I was you, I wouldn't get too greedy (i.e. too much equity share) on your first deal if you know these are recurring investor.

As part of the BRRR process, we hold the property after the additional unit has been constructed, which leaves a recurring stream of revenue, but subcontractors don't necessarily want to be in the real estate investing business.