Agreed one simple adage..

You can do well with a more simple approach, but it won't be easy either way.

Since I'm not really an author I thought lets keep it simple only useful info in this book no fluff or BS just stuff you will need to be successful as an investor.

Hey Ernie, your better tactic is to ask each question in the forums or as a simple post.

Operating cost?

It feels like the city can operate without accountability.

If the borrower just needs 50% LTV this seems pretty simple to get done, are they looking for bridge or perm financing?

For us its simple math, if we can sell it on the secondary market for 90 cents on the dollar, lets offer the borrower 5-10% discount to pay off the loan and we still win and the borrower also wins. 

You will have a difficult time operating the properties and will most likely fail to sell the property for anywhere close to the appraisal that was relied upon for the refinance.

(Here's how we keep it all straight.)Project management software (Asana)-> Order of operations-> Responsibilities -> Deadlines-> Notes-> SOPsDaily Contractor Check-in Calls/Texts-> Roadblocks-> Resolutions-> ResultsIn Person Walkthroughs-> Our Property Manager-> My Business Partner-> Our Realtor-> MyselfHow do you drive results for your renovations?