The house at that point would be cash flowing $68 a month as well as accruing equity for as long as we have it.

For flip property, whatever you spend directly on the property is accrued and becomes part of the "Cost of Goods Sold" when you complete the flip.Whether a nail gun is part of the Cost of Goods Sold, a deductible business expense, or a capital expense depends upon the specific circumstances unique to your situation. 

Out of curiosity what municipality has well water in Chicago?

I don't know of any such groups personally, but out of curiosity what are you going to learn?

Just out of curiosity, what is the best accounting software for flipping houses?

I find myself very interested in REO's but our area is very saturated with investors and my curiosity is raised when I see one that has been sitting over a year.

The repayment without interest sounds awesome, and the lower your balance is when you start accruing interest, the better.

Yeah - - but line-by-line it's sort of coming out to that:Purchase Price, 3bed/2bath Detached, Metro Area like - -  Kennesaw Atlanta$270,000Rent: $1800/mo12= $21,600  - PropManager 10% = $19,440 net-rent- $2,300 property taxes-$1,600 insurance-$1,200 maintenance (calling a plumber, heating guy, etc) -$2,500 accrue for future maintenance (carpets, paints, appliances, and for a long term hold , roofing, driveway )-$500.  

in what way out of curiosity did you think this was a scam.rate too good to be truewanted small up front money to get started..approved U way too fast  can you elaborate for the audience.. these lending scams are rampant on social media.. 

In this scenario there is more pressure on the sponsor to really perform as they have 10%+ to return/year or it will accrue, therefore getting into the waterfall is more of a task.