Obviously land purchase is easy, but considering we will be hands on with the majority of labor, I'm not sure how we would justify costs past materials to the bank.

I believe the key, though, for the state test (because it is very different), it was helpful to know the material well enough to understand situations practically, then using what you know, figure out the answer/solution.

He claims it was due to him closing the account because his truck was broken into and checks and other personal material was stolen.He claimed he was going to send a new check, but that hasn't happened, and he's stopped responding to me.What are my best options at this point to collect the earnest money that he owes me contractually?

Most of the homes we provided did need a lot of work & in some cases we also financed the rehab materials only.  

I will pay for flip materials with a credit card because I know I'll only pay interest for maybe 2 months and pay it off when I close on the property when I get the "big" check.

Under the accrual method, when you buy materials, you will decrease your "cash" account and increase your "inventory" account.

They seem to provide a lot of training materials and support for us remote investors, which is the main reason we're keen to give them some cash. 

While I recommend a number of brokers I trust and value to others looking to buy parks, I personally rely on relationships I have developed over the years to find the parks I am interested in buying, as do many successful mid sized to large operators.Frank & Dave teach techniques for building these relationships through their Boot Camps and other materials.

@Daria B.The upgrades are material facts that will help the appraiser determine market value.  

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