Hiring a person for a day can be accomplished through a day labor company where you have no payroll or employee-employer responsibilities.

They wanted letters of explanation for payroll direct deposits from my job, for the IRS deposit for my tax return, and for other little things that were self explanatory.The worst was when I removed $10,000 from a brokerage account and transferred to my savings account, they wanted an explanation of where the $10,000 came from, even though I sent them a fully detailed copy of both statements and it was extremely obvious.

And the subs can float their payroll accordingly and they have their own credit at the supply houses.When you dealing with rehab contractors they usually are not in a position to float payroll for 6 weeks and have no credit accounts.

In comparing this contract with ones used by sophisticated multifamily buyers which is my background this is the list of issues I see that are missing from this MHP P&S contract:- Seller escrow account guaranteeing rents for 12 months.

Buyers/sellers are much more sophisticated and require less explanation, assistance on paperwork, and knowledge on common guidelines.

Will-Not only do our guys do a lot of work themselves, but they have an in-house crew that's on their full-time payroll to do the work.

But I also see the third party gatekeeper as being a potential problem as it must be qualified.As to sophisticated investors, and for you free market types, we had that in 1932 and the public, small investors were getting screwed over, thus the SEC setting the difference between those who are qualified (who should know and can afford to lose) and those who are not.

They should have you on payroll.

Do you have people on payroll or do you sub everything out?

You're competing with very sophisticated brokers that do this for a living, its called building a database!