I replaced a 40 gal recently (this month)with new venting at about 25% of your cost (heater, venting, and labor) using a licensed plumber (not my handyman) but I have no idea what the cost difference between standard size single unit heater and the size you are referring to. 

I'm curious if anyone can walk through the calculations on IRR and CoC when an annualized pref rate is part of the deal.On a standard deal is the CoC usually the annualized pref amount so it's counted as just cash flow and not a return on capital? 

Once a Value is established you then evaluate the condition of the property to estimate the amount of Rehabilitation work required to bring it up to Market standards.  

Typically it will be 25% down and the standard loan paperwork (W2's, tax returns, etc) PLUS financials on the property (seller's Sch E).  

Standard yellow letters or are you looking for something more unique?

Good luck to you, I suspect you'll need it.I was under the impression the industry standard for PM collecting a percentage of rental income for said management was 8-10%.

Was hoping there was a brokerage in my area that had experience dealing with flippers and REO/foreclosure sales etc to learn processes and differences between them as opposed to standard home sales.

Some lender's have an application fee which is standard but it should be less then $500 and they should tell you in writing what it's for and in what circumstances it is refundable. 

That will affect MANY borrowers, who are already miffed at the minimum $50k that seemed to be fairly standard - because there are many threads about wanting to borrow LESS!

Enter what I call "The Reversal Theory" put simply, it's the belief that with a simple mental shift you can overcome- or at least better handle- the anxiety that comes along with speaking to sellers (this could be applied to buyers and lenders but I want to focus on sellers now).