I still think the basic functionality exists between the two, but Cap Rates and IRR are much better.

If the person is another investor and is asking to get a feel for my experience, I will tell them exactly as there is a purpose behind the question and my answer.I find it common both here on BP and at networking functions, that people feel the need to exaggerate to give the illusion of wealth, experience, or just to brag.

All advances for the rehab are an accounting function as inter-office/cell accounts, Cell One advance funds to Cell A and Cell A owes that amount.

If it's a multi-member LLC the operating agreement may have to be more robust than in a single member LLC--that's where you might need specific advice and language.

RE can be functions within banking and insurance.

If you're connected via a non-wifi connection, the @ mention functionality makes typing very slow.

Brian, you might change the question to what functions are necessary, how often are they required and the average time to perform?

Ce Mill,Do the "upgrades" have anything to do with health or safety, or are they simply cosmetic or function?

wholesaling is not a basic RE concept or function of real estate.You may not meet the school requirements, but I bet you can go to the book stor and find the text for RE 101/102.Here are some basic concepts to understand; What is RE?

As a VA, I run errands, handle banking, and of course, many other functions for my clients.