Further I'm with you that you don't calculate your hourly unless you plan on doing some contract work, but we all have to calculate our year end figures, and unless your math ability is seriously sloth like you damn well know what you are currently making per hour.The important thing, I think, is that it doesn't belong on a balance sheet, except in the form of your distributions.

Let me know how I can quid pro quo).House currently in probate, but since it belonged to the parent of a friend, they allowed me to get inside and look it over.

Not too long ago I came and spoke to the Akron/Canto REIA (6 months or so) - do you belong to that group by chance?

Well, depending on the type of note they run from about three pages to about nine pages ;)The term of a note to a rehabber should be at 6 months, if it becomes necessary you can always extend the note.The term should be long enough for the work contemplated and a reasonable time to sell or refinance, 6 months is customary but it could be shorter too.Some backward planning, if the market drops in November, you need to have the property exposed on the market at least 60 days, meaning the first of September it should hit the market.

The homes are ~2,900 square feet apiece, three stories, and they share a center wall, but are currently turned into 7 apartments, some of which are out of code.

Now, you may use one and you may not go to the contract concentration center but you may well find that stealing copyrighted contracts won't be enforced.

Your brain doesn't stop fully growing until in your 20's and the last part to develop is the reasoning center.

I need some help figuring out the appropriate cap rate on a three unit retail strip center.

I actually didn't start thinking about investing until age 18, but I always knew I wanted to get into the business of owning hotels, resorts, shopping center etc.

I'm an RE investor in the Atlanta area so hopefully I'll see you around at one of the meet-ups (I belong to GAREIA).