Since there is not enough margin in the buy / sell they are playing games with the repairs.I do not see how these ibuyers will make it trough a down turn.  

First about what role you want to play in the RE industry. 

I heard from one of my buddies who used to work for Analog Devices that there are new systems that use cell towers instead of wifi so work even if there is a power outage - that would've come in handy for me when the power went out for our whole block and no one realized it until the next morning. 

And then to prove their power they threaten you with penalties because now your old paint has faded and is not in compliance with the approved colors, or it is peeling or whatever.The POA is controlled by folks that moved here from NY, east coast, etc, not locals and they have let their position go to their heads, plus they really like rules to control others.

Sounds like you've done that here, so let the court process play itself out (not sure where it is at the moment)?

Like I said, this would be my first REI and I really don't want to make a big mistake on a deal, but based on the numbers I've come up with, this property would cash flow about $500 initially while the loans are being paid back, but should generate in the area of $1800 once the loans have been repaid.At this point, I would be willing to take on any positive income, but I'm sure there are factors that play into this that I know nothing about.

If a big expense comes into play, I have two credit cards that are $30k limit each with only 4% Annual interest rate (active duty military).

Everyone has made me glad I joined this site.Would any of you be interested in knowing how this plays out?

If their margins are 60 cents per gallon, there is a lot of negotiating power there!

You can avoid payroll by ensuring your structure your agreement with them such that they are a 1099 sub contractor NOT an employee (bes ure to get smart and play by all the rules!).