I had an LNI inspector say to me, "Either you are the most naive person or a big fat liar."

They devoured knowledge like a fat kid on cake.

-Get a thorough inspection -Keep to a strict budget-Do most the work yourself (I went through a four year Carpenter Apprenticeship program but you may already posses the skills if you've been helping your Dad for a while)Good luck to you.There's nothing like cashing that first big fat check after a successful flip!

These sound like retail, "I'm gonna get fat if you pay me these prices" pricing.

He never specified if he's buying these deals himself with his own cash and then reselling or flipping contracts. .He said he goes fat escrows which would allude to the idea that he's using his own money.

If that is the case, then the number you can plug into your calculator for your labor is a big fat goose egg...and your profit calculation should reflect that.Therefore, what you are actually trying to add into the equation is an arbitrary number for "opportunity costs". 

For one thing you get super fat.  

I like that too because those are nice big fat proceeds  checks  they feel good.

He's a great CPA, I've been chewing accounting fat with him for some time now.

Plus the other people who are getting those deals ahead of time have fat pockets and can close with cash.