I'll just brush it off, get up and continue with this journey.

I have a spreadsheet that I use that gives me all of the costs, it includes soft costs, construction costs, the cost of the loan, holding costs, everything involved in the purchase, rehab and sale of the property.

It is typically referred to as soft money. 

Painting with a broad brush here so feel free to reach out with any other questions. 

Cheap old cabinets covered horribly with a paint brush with dripping and such.

This does not prevent any Member from selling their house, refinancing, or purchasing additional property after closing as long as they meet the occupancy requirement.NACA puts a $25,000 soft-second lien on the property to ensure that the Member lives in the property for as long as they have the NACA Mortgage.

I like the strategy of showing them the lease & them brushing the topic of eviction.

We went into a unit, and I handed them paint brushes and a bucket of primer and told them to paint what they want wherever they wanted.

When put that way, the upside of a few grand per year on rental profits looks pretty soft stacked up against some very realistic eventualities.

The one golden nugget I took away from him, was:"Your Soft Costs should never exceed 15% of your Hard costs"Soft costs include items like engineering, architectural and legal fees and other pre-construction costs.Hard costs include physical construction.