My team and I are having difficulty    getting accurate estimates.

*Does anyone have any input on making a more accurate repair estimate?

Performance Title.

I don't believe in incentives, I take a scope, perform it, get paid, move on.

@Tracy Royce  in this business if your doing any volume your dealing with one or two of these a year.Always tough.. although what I finanally learned is that it rarely gets better you just need to bite the bullit and follow the letter of the law.NOt sure about protected class. but I have one right now in my market that could go that way.it took me 18 months to close and it was my first suit for specific performance in 42 years in the business... phase two is to move this person out.its a city lot the house was so bad I paid over 60k in city code enforcement fines to close escrow. that's just the fines folks..

@Ryan Klemetson I skip the lawyer most of the time in IL (you must have one in IA, and I review my own contracts and then close at the title company and have them perform the title search, rather than paying the lawyer to do it.

Crude analysis:50/50Monthly rents $3,34050% to expenses, 50% available for debt service: $1,670 Debt service $611 (An estimate of trulia of 83.2k @ 4.125 amortized over 30)Cash flow: $1,059 ~ Annual, $12,7081% Rule: Purchase price (all in) 104k, monthly rents, $3,300 = 3.1%And now, sorry this will get a bit longer, a slightly more detailed form (the best I can do at this point):Gross monthly income: $3,340Monthly Expenses:Vacancy @ 8.3% (local property manager though this was accurate) = 277.22Water & Sewer = $102Management @ 10% (although I'll do it for the foreseeable future) = $334Garbage?

Crude analysis:50/50Monthly rents $3,34050% to expenses, 50% available for debt service: $1,670 Debt service $611 (An estimate of trulia of 83.2k @ 4.125 amortized over 30)Cash flow: $1,059 ~ Annual, $12,7081% Rule: Purchase price (all in) 104k, monthly rents, $3,300 = 3.1%And now, sorry this will get a bit longer, a slightly more detailed form (the best I can do at this point):Gross monthly income: $3,340Monthly Expenses:Vacancy @ 8.3% (local property manager though this was accurate) = 277.22Water & Sewer = $102Management @ 10% (although I'll do it for the foreseeable future) = $334Garbage?

Having said that, I have a self-directed IRA and am using it to invest in performing promissory note (Some education on performing notes).  

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