Since this was not the reason we bought the house or the reason we still have it, turning a profit is hard to measure.

It's an honest mistake, the borrower is not deliberately changing the truth but when the standard of how to measure the income is applied, the income changes.

It is advisable to do your due diligence and ask about such things as how long have they been in business, are alternative assets their sole focus, are they BBB accredited and rated, are they a regulated financial institution, have they ever been sanctioned by any regulatory bodies, how many accounts and how much in assets do they administer?

I had a buddy that disabled the ac in the middle of June in Florida, at the eviction hearing the judge got mad and threw out the case and made him refile and start whole eviction process over and threaten him with sanctions if he didn't get ac working immediately.

I'm mostly figuring out the best way to actually measure my own profit and pay myself.

I've not yet tried this, but I recently discovered the phone/tablet app versions will accept input from a bluetooth enabled laser measuring device, greatly speeding up the process of creating as-built drawings.

The tenant wants an air test to measure the amount of mold spores in the air so they are scheduling that now.

Originally posted by @Jay Hinrichs:@Eric Kang  the main point is cap rates are for multi family and commercial they are not for SFR's  And they are NOT a measure of profitability.

We can find people to draw floor plans and do 3d models based on the measurements and pictures that you take (people are overseas, so they are inexpensive.

Ryan R.there is an organization called the Federal Power Commission and there an organization that governs weights and measures.