I would start your venture on one with room to spare until you get some experience and then you'll have more freedom to adjust your profit desires from there (move closer to 80%).All the best!

The added benefit is that you can just give you accountant the data file at the end of the year and he'll have most of what he needs to do your business taxes.

That would be adjusted up for landlord paid utilities.

Depending on the appraiser, your COMPS may not be accurate, which means the LTV (loan to value) may have to be adjusted.

If you are offering the opportunity to all in the corp, then it isn't for exclusive benefit of you.

No, you just need to adjust your strategy to find better deals.

I suspect such properties will be rather difficult to find.BTW - the PM is "built into" the 50% rule, so no need to make the adjustment with the 0.91 factor there.

I have been mentioning for nearly a year now the benefits in building specs, as Jon also alluded to.

Your local Farmers adjuster will know who is good and the slick characters will try to convince you that your adjuster is trying to cut corners.

Appraiser will adjust prices for the comps based on the difference in size.