If he is doing the work himself and hiring subs on top of it, he should be paid for his time he does the work and then his profit covers his GC work.

I am trying to post my profile picture but it disappears every time.

They are “investor friendly” and even cover Mobile homes.

closing on a fourplex in Folsom PA at the end of the month. was going to use a property manager but ill be living in one of the units for the first year( FHA loan) and will only be renting out 3 units. while the 3 units will coverage my mortgage payment it wont cover my expenses.

Make sure your insurance coverage covers your total value replacement and not the loan balance. 

If everything is covered and worst case is a new septic/roof/etc then I would have enough in there for the two most expensive worst case scenarios for each.

I had no clue what I was doing and lied to cover that up, it ended friendships, gave me a reputation among sellers and buyers, it was hard to make anything happen.

Based off the pictures online it looks like it is in pretty good condition with little rehab.

Stick to the top two and you'll cover 99.9% of the market. 

Here are the details (hopefully this covers everything)Purchase Price - Offered 70k but most likely going to be 75kCurrent Rent: $850 but area looks like I could get almost $1000Repairs: $10-15k possibleA home across the street was sold for 125kI think it meets the 1% rule so want to make sure that this is something that makes sense.