As long as it dries the clothes it's good enough.

Will I use HML when my private money dries up?

In reality, I would prefer to pay private money rates on their investment so any of the excess profits after paying out their interest earned are held by the company. how attractive that is for an investor...I don't know.

A lot of the dry wall had been pulled down on each floor, there was significant mold in the basement, and there was some flooring issues but I didn't notice any other major problems.

So unless you have a washer in each apartment plus over 4.7 people living in each unit, you have excessive usage.If you take the 31,600 and divide by the # of people in the building, you'll get your usage per person per quarter.

The others mentor deals have similarly interesting stories, each very different.I sense people on here think what I charged is excessive, I think its peanuts for the value recieved, and is not remotely as profitable as rehabbing if you figure out how to do it well.

Hi Jason,Sounds like a seasoned broker that knows his local market.Many flip type rehabs are drying up in the markets.

Are you saying that your monthly payment to the seller was $400 in excess of his/her payment to the mortgage holder (essentially what the seller is pocketing every month)?

I honestly would probably change the payment (lower it) and put it out for 4 or 5 years to earn more depreciation just to make sure I could "argue" the market value closer to that lower number at the end.But that's my buyer pool, they typically don't have excess cash.

It's not just dry RE Law books or books on surveying, but all kinds, likely they have some of the "investor" books (I know I saw some) as well as technical references.I was just thinking.....If you all, (enough people) would be interested I'll check them out from the BoR, read through them and give you a short version of recommendations, a synopsis, opinion but no endorsements as such.