As of right now I am signing on to IRS.gov and making estimated payments of 18% for each deal I've done. 2) As far as my direct marketing, business lunches, supplies, gas and whatnot I am keeping receipts for everything.

I estimated I needed about 20 doors to give myself a bit of a buffer in reaching my goals.Try to lay out some numbers that you can shoot for.

I suppose if that happened on a regular basis then you would need to get better at estimating your repair costs.

For the 8 plex I estimate the net operating income is $22,706.19 for the year.

You mentioned having a SOW available around what work needs to be done and estimates.

How quick you can give me estimate with detail on work?

At a glance I would guess that C's electricity for the first 10 days is on B's meter, if so the shares would be B=2328.895 (3541-1212.105) and C=3535.105 (2303+1212.105), 1212.105 is the estimated usage for C for the first 10 days based on the last 19 days.Hope that helps.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookCouple good reads  9 Reasons You Couldn't Find A Buyer For Your Wholesale Deal Don't Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper How to Start Wholesaling: Getting Past The Education and Into the FieldDownload BP’s newest book here some good due diligence in Chapter 10.

Also, does anyone have estimates of how much one could expect both professionals to charge for helping someone set up a real estate investment in which the investor plans to purchase a home, live in it and rent out the rooms?

One of my wife's uncles was in charge of one of the properties which is zoned for commercial/residential, it is a 1708 Sqf office space/small warehouse on .36 acre lot.Which with some research it can be split into 2 lots.He let the property go to the dump, needs a new metal roof, and gutted, replace plumbing/bathroom, replace electrical etc...Now my wife’s Aunt is in charge of the estate and she was the one who approached me.She said they will "sell" me the property for $30K (estimates from Real estate agent say property is worth $43-$53K in current condition) Which then I could clean the property up and try to resell with the improvements.Now if I did replace the roof make the inside look nice and clean the overgrown landscaping I was told (real estate agent) it could get about $60K, but there are back taxes and liens on the property as well.Plus closing cost for when I sell it, I have run the numbers and it seems that I would MAYBE make $3000-$9000 conservatively.But I am real concerned over the fact that it is used as an office/commercial, and wouldn't this limit buyers?