Account ClosedI think you helped me confirm buying @35K + 40K would get me to less that 70%LTV @120KARV.Im suspecting 4-6 month turn because funding.on a 580 per month note the project would be about 46k-50k all in. 

I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.

It was a badly organized auction and supposed to be absolute.

If you have 100k invested in a property but you're only cash flowing $200 a month, it might make more sense to sell and reinvest into another property or simply put the 100k in a high yield saving account at this point in time.  

Feel free to inquire about their staff qualifications if it's a larger organization.2.

If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.  

You are right, I should have accounted for that.

I am trying my best to take everything into account, but there is no doubt things I don't know.

2) Owners NEVER take into account the time required to:- Evaluate & select materials- Order materials- Pick up materials- Coordinate access with tenant- Dispose of waste- Scan and process receipts2) According to Angie's List, labor cost can be $250 to $700https://www.angi.com/articles/how-much-does-microwave-instal... 

They provide free estimates and work with your accountant.