The 2% rule is designed to get a set amount of cash per door at a predetermined rent range... the 50% rule is long term expenses... while the 50% rule is used as an assumption in the math behind the $100/door @ $500 rent 2% rule... they are really in no way related.For myself, I ignore the 2% rule... given a 25% down payment and today's interest rates... 1.5% gives a 15+% CoC return assuming the 50% rule.

In the future I will keep in mind, Bill, that your advice is only designed for use in Springfield and/or Missouri, but please forgive me if I remind world wide readers of that fact when you choose not to mention it and when the advice given isn't accurate outside of Springfield and/or Missouri.I do feel responsible to post geographic disclaimers EVERY TIME I post about advice that I KNOW is not true for the vast majority of people.

Go to http://www.irem.org/ Search for ARM designated.

I know a web designer who charges over $2,000 for websites while I also know a guy that charges $250 for the same work.

Outside of the newspaper I found that a business website is worth the expense if the design is not too outdated.

Contact the designated broker or the sales manager to clarify this situation.If you received a earnest money deposit receipt or took the EMD to a escrow company (which you should always do), then definetly wait.

With regard to your business plan one site I would suggest would be http://www.sba.gov/ This is a site designed for small business owners and has a tuttorial for writing business plans.

What I figure is happening is the owners want the design of the contract to pay little equity, get a decent down payment, then keep the person in the contract for as long as possible.

If you're doing high-end rehab and need artisan contractors to design you a custom home, it could cost 4x as much as if you're doing an entry-level SFH with stock materials and lower-end labor costs.Personally, I focus on entry-level SFH selling in the $100-140K range.

It sounds like you should hire a web designer.