More details:I've got the opportunity to buy a multifamily building for $850,000.Rents will be $9,300/mo first year, $10,500 second year (two units need to be finished)$100,000 buildout construction loan built into mortgageCommercial mortgage at 9% first year and 7.5% interest permanent loan, amortized for 20 years with a 5 year balloon.

Also, if you have an HOA just make sure, their specifications are also included. 

I had a huge remodel, and when I finished I sat down with the customer to go over the job.

However, you should explore whether any exceptions apply to your case, such as unforeseen circumstances.Unforeseen circumstances, as defined by the IRS, might include changes in employment, health issues, or other unforeseen events.

Pretty much any time the tax code uses the word "individual", it means one human being (unlike "person", which usually includes other legal entities). 

I am currently house hacking in Temecula and just finished a deal in Hemet as well. 

No, the vast majority of business's, including service business, start-up's do NOT clear profit day, month, quarter, year 1. 

Under the definition of private lender you proffer we would not be included at this point, despite the fact that the borrower is getting almost exactly the same thing as when I was lending only my own money.  

You do that because that 35% includes the cash buyer's profit on rehabbing it along with holding costs and other things.

I just finished up a flip at 729 Maple LN in Brownsburg, Indiana, a suburb of Indianapolis!