I am considering purchasing one of their  properties in Ocala  Fla. 

Individuals are purchasing these properties, rehabbing them, and raising rents.

In agreement with the City of Lebanon, we will redevelop ~35 acres into 242 lots for ranch-floorplan duplexes and SFRs, available for purchase by retail and investment buyers.

I have purchased both in state and out of state.

Here’s a breakdown of the key elements you should include in your subcontractor agreement:Subcontractor’s Information:Full legal name of the subcontractor or company.Contact details (address, phone, email, etc.).Project Information:Internal Project ID or Purchase Order Number (if applicable).Project address.Clear identification of the specific scope they’re responsible for (e.g., electrical, plumbing).Project Timeline:Start Date: For the portion of work they are completing.Completion Date: Set realistic deadlines for their tasks, adjusted to your overall project schedule.Liquidated Damages:Specify a daily amount to be deducted from their final payment if they fail to meet deadlines (with exceptions for factors beyond their control, like severe weather).

The purchase cost is on average $350k - $450k.

I only purchase direct from owner and no assignments.

We also just purchased a house in Oliver, WI that we plan to run as a short-term rental.

I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.

Dave Meyer and Henry Washington shared their opinions on purchasing a deal sight-unseen in yesterday's episode of the BiggerPockets Real Estate Podcast: How to Buy Multiple Rental Properties a Year (Is It Possible?)