Going over maps of known repairs with contractors showed that there were a few houses where people tried to have piers installed and ran out of money before hitting stable soil, others in the hyper local area did have to go to 100+ ft.  

People who have maturities coming up shortly and do not have the 20-25% equity to refinance or if they do in one project they are using one deal to support others. you have to treat each deal separetely and make sure they each support themselves long term.

Too many people do not think ahead and borrow 100k but can only pull out a much smaller number to pay back or have to wait longer then they expect. 

How many people are in your “sphere of influence” that will use you to buy or sell without needing to pay for marketing? 

I also agree go the DSCR route and get a few quotes from people as you may find then to vary significantly - had one last week we were 1/2 percent lower than what they were getting quoted 

Very few people have the ability and the time to work both sides of the transaction.

Too many people doing the same thing doesn't land strong results.

I've been speculating the markets in the Midwest for some time now and recently decided to make a post on BP to attain more insights from people who live & invest in these markets.

What’s your process for vetting and selecting the right people for your team?

There is plenty of cash and people in LA market looking for distressed properties to flip - how will you avoid over-paying and making the right decisions to capture $200k gross?