Once you do enough walks and get bids, you'll get a better idea of what costs what in your area.If you can provide a service for a seller (get their home sold without lying about your intentions) and be honest and provide accurate rehab costs and accurate ARV's to investors, you'll do well and build a name for yourself.

You can call a title company in your area and they will give you accurate estimates of closing costs on a deal.

There’s a property I have in mind in Jefferson County and before approaching the owner and making an offer I need to figure out how to find reliable contractors to perform the work in a timely manner.

@Kevin Kim if the house is vacant and the vendor you chose knows the scope of work you want performed, there should be no problem sharing the code with them.

I perform a criminal background.

After a couple of properties, I was able to have a pretty accurate idea of what a rehab would cost.

Hi Robert,I looked at the BP report and it seems like it might be a good deal even at their asking price, if the rent amount in the report is accurate.

Contract PriceClient shall pay Contractor the estimated sum of $491,328.00 (the “Contract Price”)for the work to be performed under this Contract, subject to additions and deductionspursuant to any change orders agreed upon in writing by the parties, and subject to “allowances” as provided in the bid.Note: If the final cost of any item covered by the allowance is more or less than the dollaramount listed, the Contract Price will be increased or decreased by a written changeorder from the Contractor."

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

Its not accurate to say you pay taxes on distributions.