Currently, we own and operate around 1,900 lots in 12 states, and headquartered in Phoenix, AZ (1176 E Warner Road Gilbert AZ).

That in itself is a skill and a needed over head component to keep from having investors get very antsy and then take to SM because they are not getting their e mails returned that day or next .. 

It fills out your Schedule E to send off to your CPA every year!

I know I fund the deals and pay for the rehab . my clients put on brand new roofs  new panels all new wiring new plumbing windows siding cabinets etc etc..

For example:-A tenant complained about the AC not cooling, so I replaced the entire unit with brand-new equipment.

We want to help you get more of these reps, and we're excited to kick off a brand-new Deal Review Series where experienced LP panels dig into real deals in real time. 

Went through extra fast because the developer really had no other good optionsI doubt we'll know the full details for years to come but I'm curious if you have an opinion, or if there's other probable options C,D,E I could be missing as just a public bystander to the situation @Rene Hosman It's very rare that anything gets done quietly behind the scenes.

Quote from @Pierre E.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

Not sure of the vetting process though and what it would entail to maintain quality under their brand... 

Due to increased rates i did not refi so i did not get opportunity to see how an appraiser valued the half bathroom but the comps with same bathroom count had crazy valuation for the additional half bathroom.Taking under utilized space like a work area to add a br where the added br does not put you above the normal for the area can add value.Similar if a neighborhood is virtually all 3 br and 4 br properties and you find a 2 BR, it could be a value add to add the bedroom via new construction.