Just reading through, I wanted to add a couple of thoughts to reinforce what Curt said. 

Just a reminder that this is a conventional fix and flip so this property will be for sale once it is completed.Below is a picture of the progress made on the bathroomAll of the subfloor for the tile install was finishedToday we went and picked out the ceramic tile we will be using in the kitchen, bathroom, and hallway and that will start to be installed tomorrow.Also today we had one of our in house guys reinforce the back steps and replace some spindles on the steps that go from the 2nd floor to the ground. 

@Dmitriy Fomichenko Thanks for the reinforcement.

I've talked to some local bp members (notably James Wise ) and it has definitely reinforced my desire to pursue a career / lifestyle / education in real estate and investing.

For the duration that you are living in the other unit, I'd change your values for vacancy, management, and maintenance (I know you mentioned it at the end, but I just want to reinforce that it's more than just the management fee you save on).

I just reinforced it... as these rules have major teeth in them and it should be noted for all the newbie wanna bees on BP... don't want to end up in the slammer by defrauding Uncle  !!

This helps reinforce in the eyes of the law they are separate entities should you be challenged.

Hello BP'ersI am almost to start rehabbing a small old duplex, is a 1920's  property 1,940 sq. ft, the existing roof it has 3 layers,One of the contractors gave a quote he said, possible some of the wood can be saved and might just reinforce with some supports but will be known once remove the layers, that does not give a lot of confidence, because 2 previous high level specialized contractors said the wood must be replaced as well. but they stratospherically expensive over 20KDoes any one knows if per code in el Paso TX needs to have replaced all the wood?

I had recently listened to Will Barnard's podcast, and it just reinforced for me how much integrity matters in this (or any) business.My wife and I ended up losing about $2,000 on the deal after closing costs.

Would like to ask for some advice on a deal in the works - 12 unit multi-family in the Tokyo area in Japan.The building is a reinforced concrete (RC) structure, which is common here due to earthquake codes.