One of the reasons for the cost discrepancy is that the owner/investor for that project also has their contractors license and has no need to hire a builder to pull permits and manage the project.

I'm having trouble figuring out how to indicate that I'm serious about this deal and not going to nitpick every little discrepancy; I just want to see proof of income, as with any business.

If you review the plans and there is a discrepancy is can create a lot of problems.

But there are discrepancies which need to be cleared up.

Hey Michael, The severity of this discrepancy here depends on what stage of the loan process you are in.

While I agree that further explanation is required why there was the discrepancy between your bid and their invoice, $250 all in wouldn't even cover basic supplies of even an in-house HVAC guy who is already on your company books.

Hi Dawn: The discrepancy in the answer was probably a time issue.

Olsen, No. 88215- 1NOTE: "any discrepancy between the sale price and the fair market value of the property,"Do you want to spend two years in court and $150,000 just to convince a judge that it was a "Fair" deal?

Cap Rate = Net Operating Income (NOI) / (Purchase Price + Rehab + Acquisition Closing Costs)IF YOU HAVE ANY QUESTIONS OR DISCREPANCIES PERTAINING TO THIS ANALYSIS, PLEASE REACH OUT TO ME!

They receive a receipt for their records, thus alleviating any payment discrepancies.