This improper installation caused the initial inspection to fail.

It would be unfair to charge them another $1400.

(time is a finite resource, and the signal to noise ratio is not beneficial)NOTE:  I pasted the post from an earlier contribution I made;  I now charge $250/$25 per pet, FWIW

I had initially asked for a single trust given the simplicity of our situation but the estate planning lawyer pushed back saying most of his clients do two separate trusts for asset protection and that he would not recommend we do a single trust.

Income includes gross rent plus any additional income (laundry, parking, charging stations, billboards, etc).

If your rent is $1500/month and the PM charges 10%, $150 per month is usually not going to break your cash flow.

From the investor's perspective though, every distribution is a return of capital until all initial capital is returned.

If they wanted to do that, they would just change the pricing matrix and charge more. 

Additionally, he never charged me a "percentage" of the rent roll as stated in the agreement.

.#4 Contact Local Contractors For PricingLabor pricing is a little harder to accurately predict, because contractors will all charge different prices and pricing can vary substantially from contractor-to-contractor.To familiarize yourself with labor pricing, you could pay a GC $200 to $300 to walk through a few properties and provide budget pricing for typical repairs.#5 Build Out Your Database in a Spreadsheet Once you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.#6 Practice, Practice, PracticeWalk through distressed fixer-upper properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.This will help you get acquainted with common rehab repairs, rehab costs & estimating terminology.#7 Get Your First Rehab Project!