Hello, Is it normal to have a "contractor's fee" defined in % for a fixed-priced house remodel contract?

I gambled, held on till 2006, and sold one for $740K, though realtors say I can get $800K or more.Good thing I wasn't that greedy.

My math with your numbers would be more like this:Acquisition:Asking: 290kRepairs: 15k Total Acquisition: 305k Revenue: 28,800Taxes: 4583 
Insurance: 1800 Cap ex: 2400PM @ 10%: 2880 Total: 11,663NOI: 17,137 Cap Rate: 5.6% Cap Rate w/o PM: 6.56% Not a crazy return but pretty normal to see in Miami if you're purchasing in middle to upper class neighborhoods.

Those nightly rates are about 75% of normal STR rates as well, so I am basically making money with no managing/marketing going on.

Then they add on all kinds of "extras" that bring the price up to normal levels. 

Once you have insurable title, then market it as a normal property (subject to my opening). 

But then again, haven't yet found an easy and quick route and I also know normal people like you and I with 15 or more active projects.

Then everything was back almost normal but the new houses were better built and higher priced I don't think Houston will do that.

Hi Quinton,This may or may not be applicable to you, but if by "unemployed" you mean "on temporary disability, but my job is waiting for me when I get better, and we have an estimated return to work date," than this would be a scenario where ADA trumps ATR and you can still get a traditional mortgage.Fannie guideline on long-term/permanent disability, on social security disability, and on what may be applicable to you: "temporary leave income," which includes short term medical disabilities.For that last one:Just like women/men on maternity/paternity/pregnant leave, a gap between temporarily reduced income due to medical condition, and your normal income, can be made up for using asset depletion.

I have a normal homeowners policy for my residence.