@Joe Villeneuve .

They share this trait with W2 labor cost.

Quote from @Joe S.: I think the reason why you had So few replies thus far is it’s hard for people to relate to these three examples. 

Joe, thanks for your reply.

I think you should work in the franchise like your father wants.Learn the business, what if you worked as many hours as you can, work 80 hours a week or even work 100 hours a week (child labor laws might limit this ????)

Quote from @Joe S.: Quote from @Nicholas Henry: I am a current client of Direct 2 Deals.

Wholesale house bought from "Invest with Ben"New LVP throughout (Carpet in bedrooms)New KitchenNew WindowsNew BathroomsPaint ThroughoutFinishes/Fixtures/Minor plumbing work as well as front door replacementLandscaping/Very little outside work$153k purchase ~$46k rehab (Used our own guys so was able to get labor at cost)Sold for $242k3/2 ranch 1200 sq ft with a 2 car garage. 

I did all the labor and will have to come up with my labor worth (Finalizing this number but its in this ballpark)$3,575 Current Rents > $2,545 Previous Rents (40% Increase)             - Unit 1 $595 to $750 - Unit 2 $650 to $900(when I move out) - Unit 3 $650 to $1075 - Unit 4 $650 to $900$360k - $400k ARV > $380k x 75% = $285k - $225k = $60k Cash Out?

But you need to learn all about landlord/tenant laws, how to do basic repairs, know what average labor and material costs are for common projects. learn about payment systems, how to interview property managers, tenants and handyman services, build a team of realtors, contractors, title, hard/private money lenders, inspectors, appraisers and soooo much more. 

Good points on Labor..