Would including an agreement in escrow to deed the property back in case of default be sufficient recourse?

He said hd/lowes can sometimes beat him on the carpet + install initial price, but where they get you is the "Specialty Items" like tack strips and transitions that aren't included and are grossly overpriced.

Right now, I'm absorbing any information I can pertaining to the field of real estate investing, including podcasts, blogs, books, and articles. 

@Linda Shand  anyone based in CA MUST BE LICENSED TO LEND.. either CA real estate broker  NMLS or consumer finance license if the company has none of these and is based in ca... then they are not acting according to the laws.. and that in its self is a red flag .. best to go local for these kinds of loans what does a guy in Rancho Cucamunga know about Mobile AL...

Your plumbing, electrical, HVAC (includes all mechanicals) can only be pulled by a Master.

I would be sure to ask about original purchase price and what was done during rehab (including life expectancy of appliances, flooring, roof etc), as well as for an appraisal and comps to ensure you're not buying at or above market.

Your lawyer handles the financials of the purchase including the security deposits.

(Note to self: Never close on the end of the month if you can avoid it) So that lease, and the deposit, wasn't included on the HUD-1 settlement.

is everything included or do you have allowances for certain items , tile, flooring, appliances ?

Acquisition price (Including potential closing costs)+ full rehab price = Total cost basisGross yearly rents- 15% for R&M - Actual yearly taxes- Estimated insurance costs- 5% VacancyGross rents less those expenses, divided by acquisition price = My cash ROICash ROI - mortgage costs = Cashflow