That's a ridiculous amount for the contractor to ask for, unless the work requires a lot of upfront costly materials (like roofing jobs);- Never finalize a bid until after you have all the information you need for the job.

the loan will be in Tom's name (not his company name).Tom will order materials, arrange contractors, pay monthly mortgage/utility bills.Jim will provide the $15,000 in cash needed to rehab the property.Tom = $6,000 initial cash (plus) time = $6,000 cash outlayJim = $6,000 initial cash (plus) $15,000 rehab cash = $21,000 cash outlayQuestion #3 - how would the deed read?

You might want to checkout some of the better landlording books like "Landlording" by Leigh Robinson or Mr Landlord's materials.

Call a salvager in your area, they might take them down for less if there are materials they can resell as part of their profit.

Total costs were about 300 including miscellaneous plumbing fittings and the materials to redo the wall.

It also prompted us to change some of the processes we use to make sure that materials get ordered on time.

They need a finished job (materials and workmanship) that is suitable for the purpose.

It also is a pain for move ins and move outs as the old tenant still needs to be tracked and the new tenant needs to take their unit number.I use Sage for the accounting, RediDraft for document creation, and a customized version of SugarCRM to manage the properties, tenants, leases, maintenance... in other words, everything from an operational perspective.As far as cost, I paid to have Sugar setup and customized and other than the monthly hosting costs I just use the guy who set it up on a time and materials basis for any heavy administration.

I'm seeing some "promoters" of CF putting out some pretty old and basic stuff calling it CF.

Now we do get all our materials at builder discount prices of course.So on your lets say your numbers are higher because your labor is higher.