If you ever have any questions on a remodeler's builders risk, let me know, on here, by phone, by e-mail whichever works.

When a property that has these features becomes available, it will automatically e-mail you that it's available.  

Much like hiring E lancers off shore to run down deals like I do.  

Since you're overseas, it'll be a necessity that you can communicate via e-mail and skype, as well as to digitally sign paperwork during the process.Best of luck!

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

The proceeds would e divided among 3 people.How would you structure t as a whole sale as well as a seller finance offer?

Never understood where the "50% Rule" came from and if it applied to a property of interest, I would be demanding owners Sch E for two years.  

Thanks for the advice @Jake E. and @Greg H..

Correct, but principle & interest can be shown as Other Expenses and reduces net profits.2) Be aware that purely passive income PnL does not carry back to the 1040: it is self contained on the Sch E form. 

I thought from what I had been listening to and reading I should be okay, but I get the feeling I'm missing a lot when the first listing I see appears to be a deal if I could get it for a few thousand below asking (based on some assumptions).Can you please tell me what I'm missing and/or should be looking for with the below "deal".12500 E 34th Ter S,Independence, MO 64055http://www.zillow.com/homes/for_sale/Independence-...List Price: $39,900ARV: $80,000Max Allowable Offer: $36,000 (70% ARV $56,000 minus repair cost $20,000)Total in the deal: $60,000 (MAO + repairs + transactional costs $4,000) Profit: $20,000Now that I do the numbers I can see that if it does actually require 20k repairs (mine above was a guess, tough to do a repair estimate from Australia) for a potential profit of 20K there's not that much in it.All thoughts and opinions are very welcome.