Josh, the formula you gave (MPP=ARV-rehab costs-money/holding costs-desired min. profit) is the one that I am using instead of the 70% rule of thumb, and that's why i raised this question because based on that formula my offer price is above the 70% mark.

I am using hard money so i need to be all in at 70% ltv to get financed.

I'm glad I provided some amusement :lol: I'm sure I read about the liability angle on this forum, something along the lines of: if you provide the materials then the contractor will be viewed as an employee.Still, thanks for the advice, it is greatly appreciated.

If you haven't heard of the 'Rodentinator' check out this website for the amusing video:http://vids.myspace.com/index.cfm?

If the former, the PAR lease has everything in it for the realtor involved to be protected; whether that is sufficient for a landlord ....I am using a lease I purchased from Don Beck; it's been a few years since he updated it, so we have to keep up with regulatory changes in some way.

I receive no feedback, however, I am used to this.

<g> Something that does amuse me is the apparent perception that one person's profit is somehow more valuable than another person's profit.

I am a commodity broker so I am used to looking at and breaking down numbers. everyday.I also live in fairfield county where the avg. home price is $1 million. 

What has always amused me about projections is that rehabbers are willing to work on a 10% profit when the input variables like ARV can EASILY be more than 10% off thereby driving their profit negative or >=20% in the blink of an eye. 

As a jeweler - I am used to the shine object stare and impulse, so I am careful but not experienced!