You can also charge something for the Draw Inspection - $100-$200 are some averages I have seen.NOTE: The Draw Inspections should reflect fully completed line item work and not partials and at no time should you release the last Draw (usually 25-35% of the total rehab) until the property is fully completed, inspected as applicable if permits were issued and ready for occupancy.You can come up with own answer as to whether PML is up your alley or not...but the typical process is above for your review and consideration.

If yes to both, then the only minor expense missing aside from water (as @Crystal Smith noted) might be common electric.Taxes look very high relative to property value, but I know that's just how it is in some of the burbs.Insurance might be a little low, unless you already have a quote that reflects $50/mo.

While I personally never had one similar to your issue Michael, I do know (in CA) once you change your "lease" or contract to reflect the tenant paying their utilities through you, you are assuming responsibility for the utilities and would not be able to turn them off without severe consequences.I would suggest following Bill's suggestion, and keeping the issue of the tenant violating the contract as your opportunity to (hopefully) quickly evict if things were to go horribly wrong.Possibly a visit to Peoria Police and asking if you would be in violation of any landlord tenant law if you needed to turn off service?

Annual NRI = Net Income or Loss + Depreciation + Taxes + Insurance + Mortgage Interest - Annual PITIThe reasoning behind this is to take the principal portion of your payments into account, since this is not reflected on the Schedule E but affects monthly cash flow.Hope this helps!

This is because if you need their money as the 'equity' for the bank loan, the bank will take a 1st lien and push the HM into a second position...which is extremely risky and the rate will reflect that risk.

They are shocked and angry when they learn that's not the case, and the rental unit will reflect that when they finally leave.

Rather than simply an arbitrary property class based upon a single individuals perspective, I think there should certain elements placed into this new metric.For example:The first number could be a reflection of greatschools.org number for the school rating.  

I thought I was pretty sure on the name but the more I keep looking at it the more I think it should be slightly altered.Since i'm relatively new i'd like to remain a wholesaler for at least a year, and have my business kind of reflect on that fact.

Our homes do have some equity in them now and we considered the blanket mortgage, but was a little concerned that if we ever had to sell one or two of the properties at a later date, the mortgage payment would not be readjusted the reflect the homes left over under the blanket.

This is traditionally reflected by interest rates, and in this case it can be reflected by a higher purchase price.Always keep in mind that the ability to repay MUST be considered. and this is where using an RMLO comes in to play.