.- Ken McElroy (The ABC's of REI)

The replacement would be done in the summer (presumably when property is my possession) and seller argues he should not be on the hook for the full amount of the repair since I will benefit with a 15% increase in NOI.  

He argued a little at first but when he came home and I showed him the clog he agreed and decided to pay.

In a very simple example, if Contractor A is 5% higher than Contractor B, but can guarantee a shorter overall schedule without sacrificing quality, that may argue in favor of Contractor A, even at the slightly higher price (because the unit could be ready for a tenant faster).  

I would see ABC Bank is the mortgage holder on the preforeclosure list.   

Here are a few recommendations: "The Millionaire Real Estate Investor" by Gary Keller, "The Book on Rental Property Investing" by Brandon Turner, "Building Wealth One House at a Time" by John Schaub, and "The ABCs of Real Estate Investing" by Ken McElroy.

It is easier to argue about facts (the roof needs to be replaced, the carpet is old, the sink leaks, etc) instead of the buyers' motivation.

However, how do you argue against the people who are using it that they need to change it so they can't do that anymore?

Here are my initial pro/cons of each approach:DIY RehabPro's: Gain rehabbing experience, ability to better understand timeframe and costs of typical rehabs, save $$ on labor costsCon's: Longer rehab timeframe and increased holding costs, quality of work may not be as high as a professional contractor (or perhaps the opposite because I have a higher vested interest, it could be argued either way)Contract it OutPro's: Ability to try out contractors to form relationships to support future flips, shorter time frame/holding costsCon's: Higher rehab costs attributed to labor , less personal rehabbing knowledge and experience to support decision making on future flips.

I'm currently talking to an attorney about reorganizing my investment business into LLC + trusts and then managing the properties through a separate LLC, let's call it "ABC Realty, LLC."