We have implemented a very successful RUBBS program at our 62 unit in Houston. 

Hey Octavia, there is a basic formula I was taught to use to find the ARV which is:Add the 3 highest comps in areaDivide them by 3 to equal ARVARV × .55(percent) to .70(percent) - repair costs(sqft×$7-$10) - $10k(your commission) = your offerI learned this from Sean Terry's flip2freedom book and podcasts.Not saying this is the best or only way but I haven't had any issues with buyers or sellers since implementing it! 

Sax in which the court determined that municipalities cannot make requirements more stringent than the state code.

In order to qualify for a loan like that, you have to meet a fairly stringent criteria around certain metrics like credit score, liquid assets, proven reserves to finish the job and cover issues that might come up, potentially additional guarantors besides just yourself etc.

A very good tip btw i will be sure to implement that right after i pass the exam!

I've found that it takes a great deal of discipline and system implementation in order to keep all the data straight.I like my accounting system because it automatically pulls my bank transactions into the system.

Sometimes landlords don't even have leases, so they have to implement them during the closing. 

Especially since the underwriting won't be as stringent, and it won't take very long to close.  

I'll also note that this is a little unique because I'm a licensed architect and I'll be using my stamp for some of these projects, so the architecture firm needs to be its own business (and the requirements for that are much more stringent), making this is a little more complicated than normal. 

USAA would not provide us an umbrelka policy because of how stringent their criteria is.