Calixto's correct about why I was including the rehab costs.

Is my calculation correct?

Waves as you walk across the room?

I could go on and on, but you are absolutely correct that this business comes with a lot of headaches and is certainly not easy.

Please correct me if I'm wrong but it's something in that neighborhood.

Originally posted by "**********":Tims, your correct and that's what I suggested.Yeah I saw your post on Labor Ready and you are correct that it is an option - however the payrolling thing is slightly different from hiring temps.

Correct.

I am looking to start something up with a few friend and we are just a few years removed from college (not a lot of cash funds ) So this may help us out.Am I understanding this program correctly?

Figure 4 points and 15% on that loan.Purchase $60KRehab $55KTotal $115KAssuming all these are correct, and a hold time of 6 months, you stand to net between 10-15% of ARV when you sell.

I think my tenants did the correct thing and handled it well.