Then comes the ethical side again, do you inform a distressed seller of a more realistic price range that still allows a reasonable profit for the services actually performed?

I originally wanted to do wholesale deals, but I really need a more structured level of experience to start out.

Thanks for the help, having a more expert guy in flooring coming out to take a look at setting nails and refinishing.

You'll likely pay more up front to establish this structure, but save money over the long term and have a more effective tool to work with that provides asset protection.

I definitely want to take a more straightforward and honest approach when dealing with leads.

Such tools are useful for a more complex or transaction intensive portfolio, and if you find you need such down the road, you can upgrade.Kingdom Trust Co in Kentucky is a quality custodian with reasonable fees and good support.  

, I may consider painting the brick exterior for a more uniform look to add some additional value.

And I will just be paying him to use his license pretty much, but I would like to draft numbers in a more professional doc similar to flip or BRRRR.

With 1031 exchange assuming that you need to buy a more expensive house will you have to change your portfolio from SFH to commercial one day?

After 3 months retesting showed the site to be within the acceptable limits, and I sold the property a month later for $300,000.In a more recent situation, I was able to purchase a note from a bank for $200,000.