Great info Dennis I very much appreciate your upfront honesty and explanation this has been incredibly helpful!!!

Make sure all subs provide you with a certificate of insurance which includes a minimum of $2,000,000 liability.Good Luck,Sue Houghvery thorough explanation.. although getting the subs to notarize a lien release could prove difficult .. unless i guess the subs come to collect their checks at your office and you have a notary on staff.out our way subs are fine getting paid once a month on completion and when we send the check in the mail  ( no one comes in person to get a check) it includes the lien release.. they must sign and scan and return. with the cancelled check and the sign lien release for our purposes that works.

It we make numerous attempts without personally serving them then we can post it at the building.  

@Kyle JosephGreat detailed explanation

PM offered no explanation except disposal was expensive and not included in the itemized quote for the reno (it was included).

There WERE numerous vacant house in her area and one rental company started buying them and showing them as they were and had tenents linded up before they finished rehabbing them.

I Cant give you an explanation from an electrical point of view but it is often the Blow dryer.

The little explanation that followed said that in their opinion, everyone should obtain an MOA, a memorandum of contract, or an affidavit, and have it notarized along with a signed contract so that the seller can't back out or sell to someone else and cancel your contract.Where I'm confused, if you have a signed contract, then why do you need an MOA (MOU) or affidavit.

I could go to numerous different insurance companies once I reach every five units but that would be a record keeping nightmare. 

There are numerous rules and caveats, but for now I'll explain the principle and depreciation.So one caveat is your mortgage payment.