This included general small repairs less materials costs.

Many contractors get kickbacks from material suppliers for moving product.

It was non conforming because back when the subdivision was planned, a road (that never materialized) was running right in the middle of the property where the house was.

I would lke to know if you ave heard of himand do you have any of his material?

You have numerous other expenses, including property management, advertising, maintenance, legal fees, utilities, vacancies, tenant screening, and who knows what else.

Taxes, insurance, utilities, lawn care, maintenance (other than your rehab).

Basically you send one of the big three a utility bill and copy of your driver's license.

Anyone know of a great marketing site for contractors and/or a place to find discounted equipment and materials?

We have been putting these properties in an exel spreadhseet and then hitting Zillow and the county records to fill in some of the missing information such as delinquent taxes, public utilities owing etc.I have also thought about hitting the REO listing agents to do a lot of the ground work for us.

I would buy as many SFH's or Multi Units as possible with the 200K put tenants in them, head to your local bank which does portfolio loans and get LOC on them and repeat the process one more time.This way you can utilize the power of leverage and get some decent portfolio of rental properties.