From really just decking them out and doing completely right in the beginning.

This amount seems completely ridiculous for the unit in question. 

My wife's parents just completed a three unit in a transitional neighborhood and are getting higher rents and younger tenants.

You are asking the contractor to drive all the way to the property, inspect the house, do a complete analysis which is really is a lot of time and effort, without you having the slightest intention to use them.

It just shows you went and completed and stuck with something. 

Here's before, during, and after (not quite complete).https://www.dropbox.com/s/zvzrztqevsgno4x/09011711...https://www.dropbox.com/s/c3r7s0fv1d1k6da/11221711...https://www.dropbox.com/s/ltgh2ok7rnlnkna/02211818...I have one question.

I hope to one day get back in the habit of engaging in cash flow notes again.Which leads me to one last question... in your journey in real estate investing, have you ever completed an owner finance deal with a homeowner and sold a part of your future cash flow?

Next time you are there, check to see if the Pergo is buckling/peaking a bit at the seams--that's a sign of moisture.If this is to be a rental, I'd completely rule out carpeting and look at vinyl planking--it's water proof, and easy to maintain and repair. 

You can take a cash out refi on the value of the property up to around 70% of the value after 6 months of ownership/completion.

I do believe this approach is completely legal, but the more I attempt to research on the correct way to negotiate a note purchasing, the more confused I get.Now, a few days ago we received a package that must have weighed 50 pounds, via certified mail, that HSBC will be holding a foreclosure auction in about 3 weeks.