I wouldn't be able to sleep at night if 95% of my wealth was in an asset that swings 30% up and down in one month on a regular basis. 

A regular homeowner's policy is going to usually be 12 months, whereas a policy for a fixer-upper usually goes in 3 month increments from 3 or 6 and upwards.

This account is not necessary a business account, just a regular checking account.

So a regular labor which we pay at 18/hour will be ~30-32/hour or $240-250ish out the door, that's just pure payroll, we still have to account for their paid leaves, medical/dental, etc which accounts for say 15-25%.

Then after finishing the list on excel send 3-5 other offers using regular retail price homes in your area that have been on market between 120-180 days - (yes even if they don’t need work) and minus $110,000 from the listing.  

Like, you're an up and coming real estate investor that can down the line (2-5-10 years) do deal so on a regular basis with them.And if you're at a nascent stage of your journey you can say that too and you'll always remember the people who helped you out in the beginning and do right by them, etc etc etc.

Was it a foreclosure, distressed or regular sale? 

Here are what needs to be done:remodel of two bathrooms to be ADA adaptableadd one regular full bathroomremodel of a 200sqft kitchenrelocate the main entrance with a new entry doorOpen up the current living/dining/kitchen area to be a great room.

The role of the local project manager would be to check out local deals prior to purchase, locate and coordinate subtrades, check up on the contractors, and look in on the property regularly and when needed. 

I ran the numbers and $750k puts me in a negative for a regular rental property at marketing rent $2200 for 2 bedroom 1000sq ft. $2000 for 800 sq ft.