Have your company break the premium down and attack the highest items first.3. 

No one asked for my approval with the price difference. 5- I was never given an itemized list of the work done6- They are taking the monthly rent payments from the property and putting it towards paying off the bill.

. $12000 flooring cost /120 months lifespan=$100 per month for 1 item in a capex budget.

You also have no reserve for big ticket items like roof and ac and etc.

.)- Purchase price- As-is value (this can often be greater than the purchase price if you're getting a good deal on the property)- Rehab/renovation budget along with the line-item scope of work- After-repair value2.

We do weekly draws with a list of items to be completed each week.

It wouldn't be an inspection item or the contract would have been terminated already.

John means that your other expenses across that board that you put 3% for... repairs, CapEx (big stuff like replacing roofs and large ticket items), vacancies and PM.

https://www.jmre.com/grec/SupportCanList.pdfhttps://www.jmre.com/grec/SupportCannotList.pdf (pay close attention to items 9 and 12)Hopefully these answer your questions!

Then I can add up items to make it easy on my CPA to do my taxes.