If you are looking to buy, refurbish and then sell you need the buy price to be at least 30% or more.Standard formula says:((ARV * 70%) - (all buying costs + all holding costs + all selling costs + all repair costs + contingency)) is the maximum you can pay and consistently make a profit.

This is consistant with Fannie Mae, Freddie Mac, VA, FHA, USDA and any insured lender for a portfolio loan.One guy uses a credit as a seller concession which works for FHA and his angle of business, but it can and does cause lending problems in other types of financing as seller concessions may simply be deducted from the sale price to arrive at the LTV.

Can I avoid having it show up on my report?

You should also file a police report.

You might get lucky on one or two, but if you are consistently riding the line you WILL get busted.

Infrastructure Trend: The one consistent improvement I see everytime I visit (and I do mean everytime) is that there is always a casino being built/remodeled (I imagine that this is a perpetual event)---this isn't infrastructure in my opinion.

I often hear reports about how this is not a good time to flip or manage rentals or buy or sell a property but there are so many variables that those blanket statments don't cover.

Since some of you are, unfortunately, looking for a new one, what would an Ideal PM provide to you in terms of services, information, reports, etc. and what do YOU feel would be a proper fee structure?

Once you are finished with the rehab, put together a simple itemized final report of everything done to the property and what it costs.

Then when you have a real deal hire a professional to get a formal report.