AROI can also be adjusted to reflect down time, which our model does.

Prices are inflated beyond what a discounted cash flow model would say the investment is worth.This is also a big part of the reason why multi family dwellings (MFDs...for the other poster that asked) are more desirable from my perspective.

Essentially, current scoring models treat multiple inquiries in a short time as one inquiry.

That does not mean it might not have a place in your business model but it should not BE the model.Buy and hold is the only strategy that fulfills the goal of financial independence through real estate investing.

And what is the business model behind Facebook at Work?

I have bought many many courthouse steps foreclosures over the years and nothing ruins a property more than cat pee.on the lock out I would have rush over helped them.. but on my way over I would have stopped at Starbucks and got them a coffee or lattee ( would call and ask what flavor they wanted first.. )  And why well 1400 dollars for a 2bd rental is a bunch of dough in most markets i would not want them leaving  :)  My comptroller finally would not let me talk with tenants..

I'm submitting an offer today in South Jersey and ...my scope of work is a bit different than yours but I'm budgeting 50k for renovations. 3 bed 1.5 bath rancherNew RoofFull mold remediation in one bedroomFull basement demoAdd 4th bedroom and full bath to basementFinish rest of basement, including can lightingRefinish hardwood floors on main levelNew carpet in bedrooms.New KitchenNew AppliancesFull renovation of full bath Replace a few windowsReplace several interior doorsClean pool Basic landscapingRemove old shed and add a new one.If I am able to go under contract I will need to bring contractors through the house to validate all of my pricing during my inspection period, but I built my cost models by reading J Scott's book and then spending a few hours at Lowe's and Home Depot researching material prices at the low, medium, and high end. 

@Jake Gaines If you can share your business goals, perhaps we can assess your situation and determine whether the S Corp or LLC is right for your business model. 

From the time we signed the contract to closing the build price rose more then 15k for the same model and things looked great.

Hi Manolo, I have read J Scott's books and have reviewed them many times when creating my business model.