Dang, I wasted it on a smarta** comment!

By about 2002 or 2003, prices had climbed so dang precipitously that I wondered how my teenage kids could become homeowners in a few years, unless they were mortgaged into eternity.

You will be required to have a licensed contractor to do the work and invoice for the funds that come from the 203K rehab monies.

Some PMs do markups on invoices anywhere from 5-15%.

Yesterday, they sent me an invoice with the price of installation $2,800, almost 6 times more of what I assumed.

@Cheyenne DavisNot sure about your area, but don't be surprised if the underwriter asks you to provide anything from a list of updates to actual invoices for products purchased for your flip, depending on the increased value from when you purchased. 

Jason, I get invoiced at the end of the month for all my ' marketing consultants' no need to get crazy with referral fees

Depends on how much effort you want to put into shopping around.My original insurance policy seemed high to me so I shopped around and tried to get some comparison costs.To my surprise, I was quoted very similar premiums to what I was currently paying - so I figured "Dang, must be a reasonable price I'm getting after all."..and I stayed with my original insurance company.

Account ClosedYou are going to have $118,000 in basis in the property/land.Since this was done part of the sale of the house - the full amount($118,000) is calculated as part of the basis.However, an alternative way that may have been able to generate you more immediate write off would have been If you acquired the house for $111,000 and paid the roofer in invoices/installments of $2,500 or less.This method may have entitled you to a more immediate write off.

I am with a mail house right now and it's just to dang expensive!!!!!