Evem is there's no water problem, I would cut out those sections of drywall and replace.

On the flip side, we are trying to teach him the difference between living 'in' a community versus simply 'at' an address.

Not becuase people aren't willing to share but most landlords simply wouldn't know without going to their accountant to ask.

You accountant can help you with setting up a cut-off amount for checks to be written, (consider the balance of the account for a prudent cut-off amount) you'll make life easier for one to buy smaller items.

SOunds to me like they just want to take the short cut for them and not have to use letters of explanation for what was done.....I don't ssee this not being done, IMO.

LOL, very astute Steve.....some might give the tenant those utility allowances, some may simply ask, are utilities included with this unit or not and never tell the applicant as they get what they qualify for and that makes the manipulation a little harder.

Inside a company all that is included in your operating agreement or in a loan relationship you have to simply pay them off to get a satisfaction and remove their lien.The best deal for you, is the one which involves the lesser amount of your assets being pledged and maintains your autonomy to continue to grow and operate your business in a manner which attracted them to you in the first place.

He also breaks down the housing market collapse very simply and in an easy to follow kind of way.

Doubling 500K in flips seems risky because you might end up settling on deals that are marginal simply because you have trouble finding enough better deals.

My advice is to not try to cut corners with the restoration contractor.