.- Formalized call lists for vendors for issues- Standardized service levels for owner clients- Generic email templates- Standardize interactions for comping guestsetcAs I was telling one of my team yesterday, we want to have as little to keep track of as possible.  

The catch is higher rates, excessive prepays (flat 5/5 generally), a platitude of fees, and generally, an inferior DSCR product with regards to rates (we're talking about national lenders here, local banks can offer products that can blow everyone out of the water) since these loans are sold to investors at a higher note rate due to higher perceived risk (from a generic lending standpoint, it is hard to make the case for increasing a property's value just through rehab within 3 months).

Getting over to generic customer service when you're not in the middle of a transaction can be difficult, but not impossible.My main complain with Equity Trust is that when you have a payment to make for your properties, like an HOA payment, mortgage payment or whatever, you can do so online somewhat easily. 

In addition to servicers, there are 3rd party loss mitigation specialists (generically called "special servicers") that often do a better job than regular servicers.  

As you mentioned, the guy was over there doing some of the tedious tasks to try and get it finished, so it's not like he's given up on the job.If you don't have a firm completion date in the contract, then I'd get one from him now and let him know that if it is not completed by then that you will deduct $x per day it is not complete OR void the contract and hire somebody else to complete depending on progress.My generic contract template states that a workday is 8 hours of work between the hours of 7AM and 7PM...might be good to consider adding something like that into future contracts.

I have been researching generic costs and my best rough estimate is about $90k.

You can also go very generic. 

You just want to be sure you have a good lease that will protect your interests so be careful getting blank or generic ones.

And suddenly it is awakened by a 1 post registrant with no details making a pretty generic statement.Please remove the post.

Emilio R - I know that there are probably 1,000 other posts here on BP about spec building, but I was just curious (from the generic example above) if you, have found it possible to do spec homes (or have known others) who honestly manage to pull off consistent 30% returns on specs and/flips.Ex: Sales Price $450k ($135k profit) #'s adjust for any area/marketThe reason I ask is because - *in a perfect world* - it seems like a no-brainer business when a 30% return could mean an 80% + cash-on-cash return if the initial equity outlay was a 'respectable' 50% down.In other words, without walking on a thin blade of <=20% down, it seems that incredible returns can be made over and over if given a year's-horizon.