Since I could use some extra income I was very happy about him choosing to pay as things progress with results.We are in the very early stages but I'm hoping and believing that lining up with him is a HUGE key into my growth in Real Estate Investing.

Some of the best rent ratios in California can be found near military bases and you have a steady employment base that is somewhat recession proof.  

It's not super pretty, and it has been a work in progress for a while now, but the thing I really like is I know how it's working so if I need to add a variable later, I can.COC (Cash-on-Cash) return is something I use to evaluate a deal compared to other deals, using my financing assuptions.Whereas CAP rate allows you to compare apples to apples in terms of multiple investors and multiple properties, COC allows you to measurably compare your specific financing to multiple properties.In other words, COC allows you to evaluate the return on your actual cash you're going to invest.You find COC with the following simplified equation:RENT - EXPENSES(Taxes, Insurance, Repairs, Utilities, Vacancy...etc) - DEBT SERVICE = COCHope this helps!

What I see is a progression.. many note investors start at rental houses then gravitate to Notes especially if they are straight forward..

As project progresses we will document the progress on this thread.Here are some of the key numbers:Purchase Price: $87,500Rehab Amount: $45,000ARV: 195-200kArea: B+ (this is a great town w/ great schools and there are only 10-15 multi families that sell in this town per year)Rents: 1st floor large 1 bedroom ($1000), 2nd floor large 1 bedroom ($1000)2 gar garageGas utilitiesTaxes: $3451Land: 0.33 AcresOur plan is to fully rehab this property and sell it after the rehab has been completed.We will be posting a scope of work here soon that will detail where the $45,000 budget will be allocated.Here are some before pictures of the house

Can  you borrow hard money staggered to your  constuction progress .  

It's been about six years since I was associated with the solar business, but back then, it was pretty obvious that solar technology was progressing by leaps and bounds about every 8 months.  

Keep us updated on this thread and let us know your progress!

Put the debit card and checks for your bill paying account in a place where you will never use them, and don't touch that account regardless of how much money is in there.Get a free account at creditkarma.com and track your progress.

Or should I got back to a 9-5 in order to have some steady income and then apply for the loan?