I am not counting roofs, or other major repairs as costs, but should I?

I love listening to the podcasts and even if the subject matter is something you aren't interested in, it helps to have a familiarity with all aspects of RE.Once you are comfortable with that, I am sure that there are plenty of posts here on BP that you can analyze yourself. 

Completely understand the networking aspect, and it's a fair point.  

We're doing one "slow motion" rehab...getting ready to install a kitchen soon, and a roof in the near future. 

It sounds to me like they would only take into account the forced appreciation from improvements we have done (new roof, remodeled bathroom), and would not take into account market appreciation.  

It is the back-end record keeping aspect that you need to worry about, for example, do they parties know they are agreeing to do business online?

I've always let me realtor deal with this aspect, but I'm now getting my license to sell my flips.

I came across a wholesaler/rehabber in Texas who has made the following pitch; Description: Under market value fixer upper 4 beds 2 bath, 1078 sqft, lot size: .13 acres, yearly taxes: $1,200.00, estimated insurance: $750.00, estimated repairs: 30K; central hvac, flooring, update kitchen/bath, roof, interior/exterior finish.Price: $49,000 CashARV: 109-115KExit Strategy: Owner Finance with 30K repairs: 5k down, $1,095.00 monthly P/I, 30 year amortization, 10% interest, Price: 109kRent with 30K in repairs: $1,095.00 with section 8, no need to chase the monthly payment, Housing Authority pays direct deposit to your account.He is recommending a cash purchase but also has a lender who does rehab loans.  

I love this aspect of REI and it is the number one thing that makes me passionate about it.

But when a contractor shows up to do a roof estimate or something he knows is high up, yet has no ladder, it makes me wonder about his ability to plan ahead and attention to details.