This is what can go wrong when you have beginners wholesaling who have no training in real estate, no experienced managing broker to go to for advice, no license, no E&O insurance, no knowledge of how to avoid scams, no regulatory body to answer to, no relationships with other quality people in the industry like title companies, lenders, contractors that they can refer to help people, etc. 

Work directly with on-site Construction Project Manager to insure project construction is per plans and specifications from start to finishProvide supervision of sub-contractors on project siteAssist to ensure construction activities move according to pre-determined scheduleCommunicate effectively with SubcontractorsDaily inspections and presence on project siteIdentify any project design and construction issues and bring to management team.Oversee and report progress of project against project plan scheduleCoordination with Construction Project Manager, all necessary work flow schedules and monitoring of same to insure all deadlines are metInform Management Team of work progress and of all significant matters relating to the projectDevelop strategies to promote efficient and cost-effective work practicesAbility to step into and perform duties on an existing under construction multi-family project.Recommendations will be required.Thank you,Anat

Here’s my question; did you inform the contractor before he began work of the $9,000 bid from the other contractor, either in writing or verbally?  

I have some great agents, contractors, property managers, and attorneys who I can refer you to!

I'm really interested in hearing directly from professionals in the field: What are main challenges contractors and developers are dealing with on daily basis while building homes?

2) Claim they've never heard from the contractor.3) Claim contractor rude to them or assaulted them.4) Ask for a different contractorContractors will also play similar games.SMS Groups probably the best.

I was thinking ​some type of homeowners policy, I didn't think about builders risk.You're very welcome, Stuart made an excellent point about having contractors add you as additional insured.

Then I would have an inspection + sewer scope done on the property and have a contractor go through it.

Due to high demand, many investors in Austin are finding they need to adjust their approach a bit to make the numbers work.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.

There are no bad contractors, bad tenants, bad banks, etc.