Diverse employment is by both sector and Job so in Detroit you had a bunch of different           jobs but they were all tied to one sector.

You also need to check with 203k loan, because generally the gc is tied into the loan.  

For that if you have less than 5 projects going on at the same time then you can manage it using good old MS Project and telephone, and if you're doing more projects than that then you should really look into having a professional PM and something like Buildertrend (not affiliated) to tie it all together and even integrate into your quickbooks so that you to have your whole remote team on the same page.

@Nathan Witte The purpose of the BRRRR method is to gain cash flowing rental properties without permanently tying up your own cash.

You don't want your estate to go through Probate because of a "will" and be tied up.  

If I buy a delinquent 1st for $200K, all my risk & $ is tied up in one deal.

For a multitude of reasons, I chose to take a break from this and all other forums for the last few months.

During this time, I rediscovered local markets and real life deals far removed from the fantasy land of thes...

I mean, their whole business model is predicated on buying (or tying up) a property for below what someone else (hopefully a rational person) will pay for it.So, for me...Return on investment = the net income before debt service divided by the entire cost of the assetReturn on equity = the net income after interest expense (but not principal) divided by your equity (using whatever number works for you)Cash on cash = the net income after debt service (including principal payments) divided by how much actual cash you have in the dealThere are many ways to tweak these numbers using accruals, etc., and that's where you have to think for yourself.Oh, as for GAAP, as a "big-bank" trained credit analyst, I know that GAAP, in the literal sense, is far from perfect.

That means you're earning nothing for a return on the cash you have tied up.

just to put it in perspective, when the us had the great run to the quarterfinals in 02, they came out of their group with a win, loss, and tie i believe.