Don't quote me on this, but I'm pretty sure they are just showing a hypothetical financing situation to prove out their cash-on-cash return percent.

We're in a pretty solid upper-C level neighborhood.

He is in boca and has been pretty good for me.

There's still a pretty profound shortage of MFRs here too - but the same holds true for most of the south shore.

He's actually pretty good as well.

I've asked engineers about this and they said that this is pretty standard language, but that it's common to see clients ask to have such language removed. 

I may have a few small questions but you told me pretty much everything I needed to know. 

We've only done live-in flips, but our success came down to:Knowing what we could do on our own and avoid outside labor costVetting/knowing reliable contractorsHaving a pretty clear vision for your exit strategy (ours was to update the property and rent it)Good luck and have fun!

Also I am concerned about them becoming just another part of the rust belt that does pretty well in good times but hits tougher times during a recession. 

For flooring you can get an installed sf cost pretty easily from anyone who sells flooring.