I use lower-cost contractors (or my handyman) for my jobs, but the rates will vary from area to area, and more importantly probably, from contractor to contractor.

. : Finance costs as a % of profit = $7000/($80000-$50000) = 23% Finance costs as a % of ARV = $7000/$80000 = 8.8% JV partner cost as a % of profit = 50% by agreement We can split hairs and argue why CA and TN are different and how HML fees vary, but neither will come close to the 50% cost of a JV.

Your mileage may vary!

The air heat was blowing through the vent at 66 degrees and the thermostat was set at 74.

We've had some great move outs, but many are degrees of bad and really bad.

Insurance rates vary a lot by geography.

I have a few degrees, but I also have certifications and licenses in other topics that interest me and that I can apply to my business model.

With the OP arm's length relationship, it is understandable how it could work to some degree.  

I know every state will vary in law depending on the "uninhabitable conditions" but, I'm not even sure that is actually the case here.

This is coming from someone with a masters degree, so trust me, I'm not just lazy.