Before making deals, we ask that you first participate on the site and join the conversation.

You can negotiate a payment with the apartment complex where they agree to pull the item completely in exchange for the agreed payment (less than what is owed, the full amount, or even higher - what ever is agreed).

It is when you do not even have items on the spreadsheet that will cause panic.John Corey

And for the HUD 1 statement, any help on what items I need to include would be appreciated.

For this we obtain multiple bids, compare and make recommendations, coordinate the efforts, oversee the actual work on site (periodically checking progress, documenting with photos, making decisions and change orders when necessary), inspecting and documenting the finished job, reviewing punch list items and authorizing final payment.OTOH, if you are talking about a LARGE project, or development type work...I have no idea!

Again, follow the state laws for what your state requires on this.Any items left have to be stored for a period.

You need enough reserve funds to carry you while you wait to sell completed properties and for unexpected items that crop up during a rehab.You also need to establish relationships with Hard Money rehab lenders to finance your deals.

I have a concern about your lack of reading.RE deals are many times tied to documents and other written items.

Shirley are you having a private conversation with someone about a different topic?

You don't always get a definite payback on those items, but you do nonetheless get payback in the quality of tenant you attract.