Have you ever started the permitting process while having property under contract to decrease the amount of time your equity is tied up in a project?

Because of this decrease in margins off point's alone real private lenders service their own loans so as to reap revenue and increase margins for sustainability of the servicing revenue.

The obvious costly decisions that a contractor might make are spending too much on materials, or making a decision in how to actually do the project that increases the labor costs or decreases the value of the rehab work that he/she is doing.

2.The 9K in judgements, I can work with the RE broker and see if the property bid can be decreased by 9K ( I think they will go for it)Property is in an awesome location in Union City.

Eventually, you will rely heavily on that local bank as you continue to grow and your traditional finance options decrease.

Property taxes are generally a function of assessed valuation not on rental income so it is understandable that some areas would not offer the value to buy and hold investors whose primary profit is from rental income not appreciation. where the 2% "rule" is achieved your tax will most likely be lower in relationship to your rent and as you rent decreases as a percentage of purchase price your tax will eat up more of your rental income.

But if that market decreases by 40% and I need to pull money out, it would take me at ~seven years to recoup those losses at a 10% return. 

Also, if their income is decreasing over time, your rents will decrease.

I can tell you that the learning curve will exponentially decrease from deal one to deal two.

@Hau Nguyen - Help me understand the numbers - you say Gross Rent's are $1,900/mo then you state your operating income is $1,620/mo - where's the $280 decrease stem from?