List now and have a sample of the flooring available so they can see the color and style.

If you buy/sell enough properties you'll find that the appraisal typically comes in very close to the contracted purchase price.

But the guys at PAC are typically very responsive in their work from what I see.If you buy a performing note from them (or most note investors) you are buying it as-is and if the borrower stops performing, you're on your own.If you invest in a 506(c) that is different in that it provides a preferred return and you can ask for the history of the fund.

They are actually under a different company Hogar Community Reinvest, and typically I see the junior lien under DLP Funding. 

Is it typical in a JV arrangement for the newbie to provide ALL the money and the experienced person to provide the know how and actually do the work (most of it anyway) for a 50/50 split? 

I'm new so take it for what it's worth.Sellers typically use pro forma numbers, which are usually BS.

This will be a typical term for commercial financing.  

-meter that works well and I know when a tenant is being genuine and when they're lying to me (the inherited tenants are typically the ones who try to B.S. me).

What I typically do is go on rental websites and search for rentals in the areas I am interested to help gauge what they are going for.

Typically rent is not earned until the month it is due, so should be retained in a prepaid account, and/or accounted for as unearned revenue until the month it is earned.