That will kill every project right away. 4) If you come across a 'mandatory', like a  rotten beam that must be replaced, then put in writing, in great detail, exactly what will be done, exactly how much it will cost, and exactly how much time that will add to the project.

To me, that’s a negative but maybe this is what they mean when they say your first deal doesn’t have to be a home run.Property Snapshot:1920 Bungalow1000 sq feet/6000 sq feet lotRehab cost $75k Foundation needs leveling (Pier & Beam) Needs new roofNeeds central HVACNeeds additional square feet to convert into more useable 3bd/2baDeal Snapshot:Purchase Price: $60k (paid at time of cash out refi/sale) Rehab: $75kARV: $420kEstimated Rent: $2000 - $2200With 5% on R&M, CapEx, Vacancy and 10% on PM plus taxes and insurance/flood insurance I am barely breaking even - and that’s without even any “play money” for the next property, only repaying the $75k rehab costs and the $60k that the partner needs for personal expenses. 

This may sound simplistic, but you need to get laser focused on exactly what you want so that you can then plan your marketing campaigns.2.

I actually did it myself and saved about 4 or 5K.There are three ways to make something lead free:Remove the surfaceCover the surfaceReplace the surfaceExamplesIf your old boiler has lead paint (and you plan to upgrade to central air) --> remove the boilerIf your basement I-beam (structural support) has lead paint --> cover the I-beam with drywall If your base trim board has lead paint --> replace the trim Ideally you want your house to be LEAD FREE CERTIFIED.

I haven't done anything to the roof itself but add a beam that my architect said I should add even thought it's not in the plans, but this construction person said I didn't added correctly.

Turns out, the support pillars for the main beam in the crawl space were barely hanging on.

LFDA - Laser Focused Daily Activity

Suggested putting in some steel beams to help slow down the bowing.

Average stay is about 6-8 months.Anyway, point is, it's not traditional (to your point), its a laser focus on professional clientele.

[4] Do you know what a Rafter is, what a Header is, ever heard of a Lam beam?