Your Comment: "Tracking hours would be kind of a pain as we tend to do a lot of partial-hour type of work like a quick phone convo or texting back and forth with a buyer client"The attorneys I know charge by the 15 minutes, some by the 7 minutes minimum regardless of how little time they take.

The FEMA 50% rule does come into play, but we do a lot of ground-up construction, so some investors that do have some new build/heavy rehab experience are tearing down and building back to current codes.

Thanks a lot, Henry!

Both are on the same parcel/lot. 

On my PM biz $2M of coverage is like $200 a month. 

Quote from @Paige Gardner: Hello, I have a question regarding about one of my strategies to get started in real estate without using a lot of money.

If three adults in the household sign the lease and one of them files for bankruptcy, would that allow them to avoid paying rent for three to five months?

Thank you,Phil Don’t have any experience with the mentioned mentors, but I do have 45 years experience in commercial real estate investing.Flipping (wholesaling) commercial properties require the same base of knowledge (real estate principles, real estate law and real estate finance) that is a foundational requirement for flipping residential properties; PLUS, extensive knowledge of the commercial property TYPE one is trying to engage with, and extensive knowledge of the local real estate market for the subject property type. 

Officers all too often think the know the law simply because they wear a badge, when they actually know a lot less than most folks. 

I went low end of middle.