Thought it was amusing, all the while having some targeted truth. 

Some people on this thread are amused or think you are being difficult, but you have to gather these records for your tenant application file, in the event some disgruntled applicant gives you grief - you can demonstrate consistent behavior on your part for all applicants ...

For my 1st rehab property, I am using American Modern Insurance Group.

I am used to dealing with a very diverse group of people and in general get along with people well.

I am using the Rental Properties Investment calculator on BP, however I am finding out that I still have quite a bit of a learning curve to understand all that goes into my first deal.  

I followed Ali Boone's "Napkin Math" example and the spreadsheet that I am using gave me the same numbers as in the example.

I am using a skip trowel pattern on the walls in the living areas.

I really do not look at it in terms of a %age as really only care about overall cost and whatever formula I am using for that particular exit strategy. having said that I will walk away from a home if it needs structural work or a total gutting - not because of the cost or time but because there are easier ways to make money in today's market.In a tight market maybe - but in todays market there is no need.So to answer your question direct - no I do not use a %age but only consider the overall cost of acquisition / holding etc....

@steve-i am using the end investors title co and I didnt factor in the transfer tax but i will look into it further and factor that in next time.Thanks.

I am using the standard KY purchasing contract which is approved by the Kentucky Real Estat Commission, but in doing so came across some questions. 1) Section 1 deals with purchase price....what do I do with this section, as the price is going to be negotiated w/ the lender, US Bank. 2) Other details: Do you typically remove things such as termite inspection from the sellers responsibilities?