Thankfully I didn't have to buy a shed out back to keep extra materials, fixtures, replacement tile, etc.  

The break down of the 42% is 7% real estate commission, 20% builder markup, 4% savings on material purchases, 2% cost saving construction, and 9% doing work yourself.

This is an example of why cash reserves are a very important part of your investment plans.Home Depot offers a project loan that will be good for a lot of materials and some installation of things like flooring, doors, blinds, HVAC or other mechanicals.  

Stairs that were designed to be covered were built in a different manner and with different materials than those designed to be painted / stained.

Once your LLC makes money and has retained earnings, you can take a draw to "pay back" what you contributed.

He does everything, labor and materials(Sherman Williams quality paint), the job his crew does is excellent.

As a sidenote, in order to insulate with batt insulation from Menards,  and do the blown insulation myself it would've cost $2700 just for materials. 

@Scott Ristbiggerpockets has a lot of resources and reading materials.

In addition, the tenant pays the cost of the repair materials.

You get to retain the property on your balance sheet as an asset, but won't have the responsibility of upkeep and maintenance.