You second example is correct.

Is that correct?  

you don't have one, hence, your gfi's could not be hooked up correctly. i agree, the $15k sounds a bit steep for the total rewiring job. i would shop around for the best deal you can find, but i would definitely do it. yes, of course it would " pass inspection" as is, if a home inspection was about pass or fail, but it's not about pass or fail. its about the condition of your home at the present time. and at this present time, the wiring is working as designed. is it safe???

I have a lot of insight on this subject, and I work with a lot of investors including some here on BP.You are correct, you cannot get a second VA loan, but why wouldn't you want to refinance your current property to Conventional to free up your VA entitlement? 

If your ARV is correct at 208 your numbers should look like this.

If you browse through the bigger pocket forums im sure you will find what your looking for , But if you want you can inbox me on here for my number and ill be happy to answer these questions over the phone ( its just alot to type here to really explain correctly ) Ive been wholesaling for 5 years .

Is my calculation below correct?  

If 7 days go by then I go to the courthouse and file the eviction, then deliver the papers to the tenant correct? 

Am I correct to conclude that there is no longer a second lien on this property?

2)  If property was sold either by a traditional sale or a short sale, the second lienholder would have had to be paid off to clear the title Is this correct?