If the schedule slips by one week a make up schedule now must be submitted.The contractor must list all subcontractors he will contract out to and you introduce you and you go over with them can they meet the schedule if not they are out.If this contractor is not performing as agreed send out a delay notice to put it on record in your files.Penalties should be included in the contract for liquidated damages and your contract should say you have the sole right to supplement the work regardless of who's name the permit is under and hopefully the permit is in your name.

I get a daily E mail listing many new wholesale properties located all around both in and outside the triangle.3) There is a monthly meet up around the triangle called Dealmakers, hosted by @Adam Schneider.

Do you have liquidated damages in your contract?

A tenant can sue in court and win back moneyincorrectly collected by the landlord, with interest, and his reasonable attorney’s fees.36 If the lease isin writing, then any rent increase can only begin after the lease term expires.§ 14. 9.

Soft costs are costs such as A&E, legal, accounting, survey & geo tech, title, insurance, loan costs, leasing commissions, fees, etc. 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $60,000

Sale price: $249,990

Purchased as a partnership to flip.

What made you interested in investing in ...

Default rules - cancelled listing, 8 months expire triggers a 5% increase interest charge. 

Itemize you income and expenses the same way it appears on the schedule E.

I have a fully paid off Short Term vacation Rental (STR) with the question of whether I should get a first position HELOC on it or cash out REFI to liquidate some equity.

I assume most will say to use the liquid cash to pay off the debt, but I'm also particularly interested in hearing what I should do with the homes with equity.