scottthanks for the input. the 70% ltv is interesting. i'm doing one right now where the interest rate will jump 3/8 to 1/2% from 75 to 80 ltv. at $64,000 it is not a significant amount, but definitely something to keep in mind.i'm paying cash and after rehab will refi(1-2 months most). not sure how much weight that will have on refi.i even thought of offering a private investor all proceeds over 80% when buyer sells or refi's. that way i get my cash profit up fron and monthly pmts with the wrap.still a work in progress for exit strategy.jim

The contractor was never in town, didn't pull his weight, and it was one delay after another.

A good GC is worth their weight in gold.After auditing the books, I would probably try to work with him assuming it didn't eliminate my ability to make a profit on the deal and I wanted to work with him in the future.Honestly though, your biggest risk isn't with the GC, it is with the subs.

Probability distributions will probably be used but it's nothing more than weighted averages and you don't have to come up with probabilities, so it's nothing a 9th grader can't do.

Income, experience and cash on hand pull more weight than credit in my experience.Think about it... if Party A and Party B can be approved.

The idea of buying land and building my ideal house has been brought up by my parents. just looking to weight my options.

Apparently one of the kids received a silicon oven liner (as a gift) that you put on the lower rack(s) to catch drips etc. http://www.overstock.com/Home-Garden/Miu-Heavy-weight-Commercial-Non-stick-Oven-Liner/7900414/product.html Unfortunately she put it on the very bottom of the oven & we had a CO emergency.

Personally I take a financial planning approach and I put most of the decision weight on financials.

As somebody who self-manages my properties, I put a lot more weight on the location and type of renters I can attract than on maxing out my returns because the returns don't factor in the additional work that is required on the higher return properties.

The cost of not having an education in this business far out weighs the cost of having one.So I recommend that you do your due diligence and find a good course or mentor because they are out there and a good one is worth his/her weight in gold!