#2 Estimate Customization - Can you customize the estimate with your own work items and unit prices to tailor your estimates to your specific project materials & local contractor pricing?

PPM is not necessary if you take only accredited investors and disclose all material things.

I estimate we could have gotten 95% of the ARV with 50% of the material cost had we made decisions strictly on the basis of ROI.

It's easier for them to decide to sell if given 3 specific options versus one 30,000 foot macro level view of seller financing while I (Andrew Rivera) buy your property.If you're looking for some reading material this weekend, here is my post about the entire deal:https://www.biggerpockets.com/forums/223/topics/646426-how-i-bought-a-seller-financed-4plex-in-las-vegas-part-3

But then suddenly this second 4-plex is worth $113,500 in the same year (10% immediate appreciation on the 100k value that you purchased for 80k, plus also another 3.5% appreciation that somehow miraculously materialized.

You will need to be a passive investor in the business, meaning you are not materially participating in the business, meaning you hand the business operator the money and sit back and wait for your quarterly reports.

Should be coupled with same plumbing material.

Our first sfr rehab (buy/hold) took us 2 years to complete since we could only work on it one day every week or two.I'm very good at estimating materials costs for rehabbing a property but pretty awful at estimating the time it will take us.

So I said OK to the door as long as he is willing to handle the work and buy the materials.He replied that he'd do the work for free but that I should pay for the materials.

So many gotchas.For instance, SmartCore at Lowes says you gotta have wear through in over 3% of the whole install area for them to even cover under warranty.Stainmaster plank warranty pretty much halfassed-LIMITED LIFETIME RESIDENTIAL WEAR WARRANTYx The manufacturer will supply new material of the same color, design, and grade, if available; if unavailable ordiscontinued, Novalis reserves the right to select and supply similar the manufacturer materials.