$160,000 sounds like what it is, PFA (pulled from air).  

New Member here, well I've had my account for a while, but the Podcasts finally convinced me to do my introduction.Currently I am Active Duty in the Air Force, looking to start my investing fairly soon (maybe a year or so).  

Just for a better picture of the project: it is to install new central air (heat 80% for the first floor and 92% for the second floor & AC 2 and 2.5tons) in the both units of a 2-family house, that guy proposed using Rheem units and keeps telling me that the brands like Collman (Coleman?)

Imagine climbing a mountain to get to the top where the views are beautiful and the air is clear and fresh...but you have to go through a ton of mud...difficult rock walls...crossing cold streams...maybe a scrape or two along the way.

You might lose a furnace motor because there is no air going through or even crack the heat exchange box and require a new furnace. 

Brand New 3 Bedroom , 2 Bathroom, 2 Car Garage, 1445 SQ Feet under air Purchase Price is $131,900 Seller paying All Closing Cost , Plus 1 Year full Warranty...Rent in the Area ranges from 1,000 - 1,500 per month, based on comps this property will rent for $1200 - $1300 Per MonthBased on a 5 year arm I expect my Interest rate to be 4.5% as a investor20% Down Payment $26380 , Mortgage amount $105,520.00Payment                             Principal                                     Interest534.65$ 138.95$ 395.70HOA $42 Per monthInsurance $50 Per MonthTaxes = $150 per monthTotal PITI & HOA = 776.65 & Misc 23.35 = $800 per month Positive cash flow per month $400.00 = $4800 per Year or +/- 18% return Cash Flow + Principal = 539 per month = $6468 or +/- 24 % Return on CashCash Flow + Principal + Appreciation of 3% = Total of $10468 or  +/- 38%Additional I believe over the 5 year rent and hold the additional rent , plus real appreciation of 5-6% will cover all selling cost , offering a 5 year return of 190% ...OK, Let me have it

Yes.Edit: Hit enter too fast.Bottom line is that you should be able to both get the contractor's license number and verify it against the Georgia Secretary of State website. http://verify.sos.ga.gov/websites/verification/This is true for HVAC (Force Air), plumbing, electrical, and general contractors.

HEYI'm getting out of the air force and moving back to Miami in November....I have been wholesaling in Pensacola for some time and I'm pretty sure the market in Miami is completely different.I'm just wondering if bandit signs and newspaper ads are effective in Miami for finding sellers.......or are yellow letters better?

He is arguing and negotiating on AIR without actually proving that he has the money. 

Currently I'm working at a Plumbing, Electrical and Air company so I'm learning a good amount about the major systems of houses.