Anyone can pull a business license and buy insurance, it doesn’t mean that they are legally working as contractor or “handyman”, with that said, you have legally very slim to no recourse when it comes to court.

Leaving in my opinion a very slim margin or the home to sell at market value. 

If deal is slim could be a killer.

Too slim of margins due to the brokers cut.  

Originally posted by @Mattaniah Yip:It is financed with a lot of equity.Originally posted by @Mattaniah Yip: It is financed with a lot of equity.First home, larger and financed as owner occupied.Second home, down the street, with one less bedroom and financed as FHA.I wouldn’t have even bothered in that scenario...slim chance of getting that through.With all that equity in Prop A, you’re better off pulling dead equity from Prop A, and buying Prop B with 20% down and sliding by conventional.

ARV: CONSERVATIVELY $290K (RICHARDSON TX)REPAIRS: $20K (FOUNDATION $10K  + FOUNDATION RELATED CHIMNEY REPAIR $10K)ESTIMATED HOLDING & CLOSING COSTS $5K-10KPOTENTIAL PROFIT: $20K-25KOWNER'S MORTGAGE BALANCE: $240K (THIS IS THE LOWEST THEY'LL BE ABLE TO TAKE WITOUT RUINING THEIR CREDIT WITH A SHORT SALE)as you can see the margins are a little slim but its hard to find a deal in DFW right now.

The margins are slim.

It's a slim deal because at lower rental rates like you have, expenses eat away at cash flow very quickly.

HVAC contractor will:- supply and install 80k BTU 92% gas furnace on first floor- supply and install 3 ton coil- supply and install 3 ton condenser- supply and install 5 zone fujitsu mini split system on the 2nd floor with copper lines and slim duct (2-7k indoor, 2-9k indoor, 1-12k indoor units)- supply and install new duct grilles and registers- supply and install new refrigeration piping, exhaust piping, thermostat- supply and install new natural gas piping to accommodate gas load Estimate is $17,700 and I have no idea if this is fair or in the ball park.Any help or direction is much appreciated.

(Long story, but my husband & I recently became business owners and financing options are a bit slim with a business that's less than a year old in tow.