Also, if the buyer has a buyer's agent who does their job properly, they'll be notified of what the seller and their agent are trying to do.But on the whole, I think the good points out weight the bad and I think I may try this on a seller's listing.

That may be because there isn't one set body of laws for real estate.

It wasn't so much the burn or the dead person so much as it was the fact i couldn't see any burn damaage which says to me that it was hidden, but possibly not repaired.The dead person alone wouldn't have been a deal-breaker but I was told the body was not discovered for "some time"Anyhow, I think I made the right decision, but I am not going to let it discourage me.

scottthanks for the input. the 70% ltv is interesting. i'm doing one right now where the interest rate will jump 3/8 to 1/2% from 75 to 80 ltv. at $64,000 it is not a significant amount, but definitely something to keep in mind.i'm paying cash and after rehab will refi(1-2 months most). not sure how much weight that will have on refi.i even thought of offering a private investor all proceeds over 80% when buyer sells or refi's. that way i get my cash profit up fron and monthly pmts with the wrap.still a work in progress for exit strategy.jim

The contractor was never in town, didn't pull his weight, and it was one delay after another.

Hi, every body I have been in the Real Estate business for a long timeand I would love to network.

I think my strategy would be different depending on what's buried...good bars or dead bodies?

A good GC is worth their weight in gold.After auditing the books, I would probably try to work with him assuming it didn't eliminate my ability to make a profit on the deal and I wanted to work with him in the future.Honestly though, your biggest risk isn't with the GC, it is with the subs.

Probability distributions will probably be used but it's nothing more than weighted averages and you don't have to come up with probabilities, so it's nothing a 9th grader can't do.

Income, experience and cash on hand pull more weight than credit in my experience.Think about it... if Party A and Party B can be approved.