He pointed out the condition of the underlying walls, floors etc and what should be done to each area prior to tiling and flooring, which is extremely important when rehabbing an area that is subject to moisture.

I just kinda read the daily articles, and moved on with my day-to-day operations... you know what I mean.

They are able to track monthly, weekly, and daily.

I already see many differences from the simplistic national version sample I had.I hope to be a knowledgeable veteran investor like you, one day and will definitely remember to give back by sharing wisdom as you and many other investors do on a daily basis on biggerpockets.com.

I slacked off a bit this past week with keeping track of my daily progress.

The people who study the oil markets on a daily basis?

True FMV IMO is what you can sell the property for in under 60 days with no rehab.Hey Eric, I see your in the Chi, not sure what kind of deals you are finding up that way, but here in southern FL due to the amount of foreclosures properties are selling for 40-70% of their FMW daily, I'll PM you my info so we can stay in touch in possibly work together on a deal in the future..

Basically, in additional to a monthly salary, my PM gets a fixed percentage of the profit on every rehab -- this ensures that his efforts and decisions are 100% aligned with trying to generate the most profit in the business (though he shares my perspective that doing the right thing trumps $$$ any day).His duties mostly consist of:- Putting together scope of work for new projects- Getting bids and interviewing contractors when we need new contractors- Managing contractors day-to-day and making on-site decisions during rehab- Paying contractors- Buying materials- Dealing with inspectors/appraisers- Opening houses for showings- Dealing with alarms that go off at houses- Keeping me abreast of any issues that ariseHe's basically the on-site guy who my contractors and vendors deal with on a daily basis, and as far as they know, he's in charge (and other than when my wife or I over-rule him, he *IS* in charge).For my buy-and-hold properties, his responsibilities include everything above, plus he is also the guy that my tenants know as the property manager.

I know that a lot of banks won't touch these kind of deals because its a condo that can be rented out daily.

It chronicles the best deals on the internet continuously on stuff ranging from computers to underwear, but if you check it daily something may come up you want or need or will need, both for business or for pleasure.