John, to circle back to something I just noticed about your explanation of "flat rate" billing, they actually did send me an itemized quote that included 'Labor hour(s)' multiplied by 'Hourly rate.'

Tell the rich guy that has seen it all and done it all how much they don't know...yeah, that seems sound.Whatever happens, your outcome will be multiplied.

            - For any part of the project that you finance, whether it be purchase, the rebab, or both, do you simply look at the monthly loan payment for that leverage and multiply that monthly debt service payment by the number of months you expect to hold the property?           

Divide the total bill by the number of inclusive days to get a prorated amount, then multiply that by the number of days occupied by the tenant, deduct from their deposit, refund the remainder.

You find out what the existing purchase was and multiply by 25% (has to be over $144K)Example: Home bought 2 years ago for $325KEntitlement used/ Entitlement Gurantee = $325K * 25% = $812502.

Take that and multiply it by every part of a property that can be damaged and you see why the insurance companies are losing so much money.To put it in perspective if the mortgage industry was losing money like this no one would be able to get a mortgage - period end of story.

Crazy way to multiply liability on seller financing.

And Jay you are 100% right sub 2s are very dangerous and having multiply exit strategies available is a plus and need.

So does he give up one source of revenue now, to give him the opportunity to multiply his revenue elsewhere.

Divide by 144 to determine monthly expense then multiply by 2 for the duplex.