If that continues, there will be a wide margin of error for you.

You have to be careful not to just throw the email results from ANY skip trace provider in a mass email because your account could get flagged as spam if there is a high level of deliverability errors.

*not so long ago even $500 down would work for some off market deals as far as earnest money goes, but now with numerous offers being made on a single deal within hours, earnest money (how much ‘good faith’ you’re really investing) amounts have changed some and to be clear this would change your cash to close amount (%) Earnest money for more of an end user ready(minor cosmetic/updating needed) buy and hold for example would be much closer to 1% Appraisal - this is going to be up to you as the cash buyer (because you’re not required to get one for a loan remember) $300-$400Inspection - using a 4 point or 5 point ‘investor’ inspection (especially if you’re not here yourself for due diligence) $200- $800 usually, depending on size of property Survey- not required to have, but it may be useful to know exactly where you’re lot loans are (may be required for some rehabs) around $800 or lessTitle insurance- generally around $1K, but again depends on property value and if it’s transferable that could save you $ (sometimes if two years old or less)Title search - you’ll want this to make sure you’re getting a clear title and it’s going to run $100- $250Attorney fees- won’t be required here in Indy for example, but keep in mind these rates if you choose to use oneEscrow fees- this depends on which escrow company you use, but I’m going to include images of a mock sale here in Indy to show you an example of a company for Indiana closing costs would be just about 1% of the purchase price, up to 3% when you factor in inspection, survey, insurance, etc.

If he's an investor or aspiring investor, the benefits are numerous as well.

We only have 1-2 turns in the mountains, and usually not same-day so we have more room for error.

There are numerous factors that could affect overall returns and a thorough DD process will help uncover these.

The benefits of them are numerous as well over stocks. 

You question indicated numerous people involved in this particular business plan and is covered under the LLC as well in the ability of 'unlimited owners' (people involved). 

And additionally bonused at year after the project is complete if their work has been error free. 4) any repairs attributed to their poor workmanship or quality is deducted from their share of that long term bonus.

Garrison Weiner helps me on numerous of my deals.