That way you have little to no risk because you aren't on the hook for anything until the build is complete and you've done your final walk through. 

Work with a real estate agent to finalize the deal and negotiate nuances in the purchase contract.Final ThoughtsOff-market properties can offer endless investment opportunities if you know where to find them.

But the contracting businesses get 1/3 down at contract signing . 1/3 when we start on site , and final upon completion . 

Finally, arrange for a formal closing and record the documents with the county to make everything official. 

You may have to pay a couple hundred $$, but it's well worth it..Bear in mind that an hour walk-though may or may not uncover everything that will be on the final Scope Of Work....so add 20% to the number that you get from the GC.You will need to do this quite a few times before you will be able to do it yourself, someone said you can after just one time, but that would be wrong.

It took me a couple of years to finally take action and start my real estate investing journey, but I continue to use BP as my #1 go-to resource.

I'm glad you are finally happy. 

The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?

Finalizing a contact this afternoon for a 2 unit in Warren, PA for $65k.

I would then wholesale it through a double closing from the seller to my wholesaling LLC, then have the final purchase done by my hold co.