Asking here since I was given wrong information by a loan officer when I was first looking last summer.

You pay your GC - he pays the plumber - if anything goes wrong, your contract with the GC clearly states that it's his responsibility to fix it.2.

Boy was I wrong.

There's no right or wrong philosophy.  

Wrong approach.

Personally the attitude alone would have been enough to rub me the wrong way and I would have stood my ground.

Good question, @Alex Craig.I really think there's a lack of MLS deals available, but I could be wrong.  

Or am I doing the math wrong.

I'm hoping to meet successful investors who are willing to exchange ideas and prove me wrong.  

If it means that you're not very good at conceptualizing what needs to be done, and how much it costs, you should have someone good assist you/do it for you, even if it means hiring someone (depending on the size of your business), because getting the math wrong will mean the difference between success and bankruptcy, and this is even more true the further down the ladder you go in terms of profit margins.