Hiring a qualified GC could save you thousands in mistakes by subcontractors who just pretend to know what they are doing.

Pretend that the commission was 3% (not 6%) to begin with, and there's no agent on your side making 3%.

Sometimes he pretend they are there for the whole day or whole week while they are not.

I basically went through each item and compared to quotes on redbeacon.com and also got my girlfriend to call up the renovator and pretend to put a quote in for a similar apartment and it came in roughly inline with what he quoted.Thanks.

So lets just pretend that I found a property for 1.0 million (for ease of the example) and had a combination of 30% private money and 70% hard money already lined up.

I worry, though, since they seem to like to pretend that they own the place, and they often have a desire to "improve" things that don't need improving.

Most average contractors know how to read a scope and simply follow the details and what owner wants, the one who pretends to be a mind reader usually ends up in trouble or will give an investor a headache.

(for calculations sake pretend I don't live here, though)----------The house costs $200,000I put $7,000 down and take a mortgage for $193,000 at 4.5% interest rate.At 30 Years Fixed this is $977.90/monthThe three units together bring in $4,470/month.

They might be illegal, They might not.US citizens who are wanted by the law have been known to pretend to be illegal so nobody runs a criminal check on them.The truth is that unless you have the SS# and run the credit report and the criminal background, you have absolutely no idea whom you are renting to.Without a valid SS#, you might not even have their real names.Also, be careful about stacking.

Fortunately insurance and real estate pay the bills much better, and I've still got some time to pretend I'm a rock star once in a while.