Included in the financing would be land - water sources - mobile homes - sheds - decks & a cash cow of rental income with very low expense ratio to income - a small all adult mobile home with never a vacancy, & most of the rental income comes from Uncle Sam.Also when selling something such as this - what is the best way to weed out the tire kickers?

This way the GC can easily bid out each part of the job, and get me a bid much more quickly than if he has to consolidate based on my "room to room" list of things to do.I'll then have my GC give me a labor bid broken down into the following components:- Permits- Demo/Dumpster- Foundation- Roof Framing- Roof Felt/Shingles- Siding- Gutters/Soffits/Fascia- Decks/Porches- Landscaping- Doors- Windows- Wall Framing/Sheetrock- Electrical Rough- Electrical Final- Plumbing Rough- Plumbing Final- HVAC Rough- HVAC Final- Kitchen Cabinets/Countertops- Bathroom Cabinets- Bathroom Fixtures- Interior Paint- Exterior Paint- Carpet- Hardwood- Tile- Vinyl- OtherOther could consist of anything from install mini-blinds to replacing outlet covers to installing appliances.This generally gives me (and the GC) enough detail that the job can be accurately estimated, and if things change (or surprises are found), we can adjust individual areas accordingly.This also gives me a good idea how much each of his subs will be making, allowing me to figure out what his profit margins will be -- giving me some negotiating help if needed.If your contractors have an issue with filling this out, try telling them, "My lender is requiring me to break it down this way in order to approve the loan."

Justin....Just been here done that...Leverage is a 2 edged sword...Leverage in your business as much as you can...but, personally you should be deleveraging to create personalfreedom....For most starting out those 2 things are one and the same...So, when the business is leveraged.. they are also, personally leveraged...And when the blade flips....You get cut...If you're lucky.. it's just a flesh wound....If your not...

With decking revenue/increasing hassles with Obamacare, real estate investing has led us to real retirement by age 50.

Ok the scenario.Recently closed on an investment townhome with a nicely landscaped back patio.......a small but clean little trek deck and some nice pavers that created an attractive useable space.

N1102.2.8 (R402.2.8) Floors Floor framing-cavity insulation shall be installed to maintain permanent contact with the underside of the subfloor decking.

I am working on my rough draft of 3D model designing of the new floor plan to be converted from singlewide trailer into 16x32 duplex houses on the same permanent trailer foundation with deck porches (just demolish entire mobile home to convert into stick-built house) and on the process of signing up my new real estate investment crowdfunding campaign (website) to be posted with my finalized proofreading content with a lot of pictures and video. 

For those of us who may prefer an adult beverage while we talk RE, I checked our Sam's Boat in Silverlake Village yesterday afternoon at around 2pm and they have nice covered deck area where we can chat.

I plan to take out $20k to use on repairs like siding, roof, deck, new drive way.

(I'm very fortunate)At this point, my lender told me I'll need ~80k for conventional financing, (50k for downpayment and 30k to fund the violations repairs upfront), or go with his 203k loan (which will take longer the 30 days that the bank allowed us to get approved) I'm not sure whether to believe him or not, since he mislead me from the beginning.Neither scenario is ideal, my original plan was to purchase the property and fund the repairs over a year-two years time, while I live there.Some of the violations are TLC and easy fixes, other like the deck might require full replacements (I've been quoted 15k)WHAT WOULD YOU PRO's DO?