Classic case was yesterday..

After reading most of Kiyosaky's books several times, listening to many of his CDs and YouTube videos etc, aside for the "classic Kiyosaky" "your house is not an asset" "work for assets, not income" "the rich don't work for money" "cash is trash" and other Kiyosaky-isms, he does say - "don't predict.

I bought this house a couple years ago before I got into bigger pockets and now that know how to estimate costs more accurately, I can see I under estimated them (classic rookie mistake) and that's how I ended up with only a potential $60 in CF.

It was a good experience overall even though I made a few classic rookie mistakes. 

Classic.

Seems to be a classic.3rd round - Brandon's letter: I saw Brandon Turner post a version of his letter and I took that and used it for my last campaign, had good results with it, so I'll be going with it again.

@Ryan Rush RushThis is a classic example of why BRRRR does not work and Cash buying wins every time.

We have three decades of our own operating data in several different markets to build projected NOI for this property,But we have not done a distressed physical rehab before.I have been given a price for the complex, and a price for the rehab, and a financing package from the bank which has taken the complex from its owner that includes funding for the rehab costs, and good LTV.The complex is operational but is over 40% vacant, and is the classic story of an owner who gradually drained their property, eventually lacking the money to do unit turns.What I would like to do is bring in an independent team to walk the property unit by unit and build out a detailed rehab budget - a team without the conflict of interest of being hired by the bank who owns the property, or being brought in by my existing management firm.Should I hire tradesmen with specific skills (electrical, drywall, plumbing, roofing, etc.) and pay them each a fee to walk the property?

@Michael Blank That is a classic tenant responsibility.

Heres an instant classic but we get them almost daily...