It is very algorithmic-ly dictated based on and numbers and percentages. 

Quote from @Chris Seveney: @Jay HinrichsGreat points - yes many are from here on BP such as a bearded guy, a guy who threatened to sue a LP and still doesn’t respond according to his investors, two other “note funds” one investing in skidrow homes and the other in broadway plays….

Yea this is a long-term personal play more than a strict STR deal. 

When you have a proven track record of performance, then you can play with other people's money. 

So I used to work for a basketball tournament that played in Washington IL every year and so I often visited that town plus Peoria.

For instance, if the contract just says "install kitchen cabinets," it might be unclear whether this includes removal of old cabinets, disposal, or even painting.So what do we need to include in a general contractor agreement?

For instance, depending on your location insurance costs could be much much higher than indicated in the book, construction costs are a lot higher, etc. 

The only instance where it might be more beneficial to do it this way vs. getting financing right off the bat is if you need to be SUPER competitive with your offers in your market.

For instance tenant responsibility for up to $500, $1000, whatever in repairs before landlord responsibility kicks in.

🙌 I’ve definitely seen the pros and cons play out in both single-family and multifamily properties in my own journey.