Marcella,I am on vacation right now, so I don’t have access to all the materials.

Contractor gets the materials funds up front, but the final draw payment is not refunded until you refinance; must have only 1 contractor bid and do a mechanics lien at closing [if you have more than one contractor it won’t work]; MLS deals work, but you cannot have an assignment of contract; etc)What other value-added services do you provide that other hard money lenders do not?

It covers the house plus all the materials on site.

His expenses seem pretty high to me with about $40k/year in materials and $60k/yr in labor for maintaining the park and maintenance for the homes.

@Derek Tellier I’m so glad I stumbled across him (Prep Agent) on YouTube, his teaching of the material stuck so much better than anything I learned from my online course!

You have to watch some training materials from the state to become approved to do low-risk work. 

When you say the contractor will bring the labor and the rehab costs are $75-$100K is that for materials only?

I really enjoyed it and they have great study material for the real estate exam. 

That way you get better idea of the quality of the tenant, whether they pay on time etc.Talking to the tenants is also very good way to get feel for the property, if possible.Also keep in mind that any document the seller provides you is a material fact.

I have entertained the idea of getting my real estate license (so we could be saving money on our buys and sells) as well as helping take care of the odds and ends errands that eats into my husband’s time (running to stores for materials, fixtures, etc.).