He seems like a very intelligent guy and has created a ton of success with this model.  

Once you get your systems down, you have a real estate business model that you can take to any market and be still be successful.

Bottom line is we have moved from an appreciation model that we did very well over past 20 years to a cash flow model. 

But, for the time being, smart money will buy a Tesla Plaid or a Model 3 which will soon be outlawed for its dangerous 0-60 times, but may retain its configuration and become valuable.

@Ted Akers  got it.. since It was not my business model I just fast forwarded to your default position..I have a proctor insurance account so I can insure for monthly fee. so house was protected for the few days I owned it. 

So, I don't understand what the business model is here, but I'm getting tired of wasting MY time, trying to respond to THEIR solicitation.  

What sort of business do you use it for, and do you think you might choose something else if you had a different business area/model?

The more concerning thing to me is that you've modeled insurance costs as fixed.

You may pay a bit more and make a little less, but playing the long term game is key in real estate.The types of structures could be lump sum (one price) or cost plus (meaning you pay the cost of material and labor plus a flat fee—more of an open-book model).I see some investors who want to pay for ALL the materials, which is excellent for the investor (more control of finishes & cost) and general contractor (if they are getting paid well).  

The bank used a comparable sales model.