But, when ppl were over bidding and stuff we should have said No and waited.

Essentially someone that isn't hungry to get you into any property, but has your best interest in mind to get you in the right propertyTips / General Comments- Look at inventory first thing every morning- Go and see several properties - don't fall in love with the first one you see, and don't wait until the perfect duplex comes up to have it be the first one you see-understand how much work each property needs.

I can see doing the roof and starting on the exterior while they are still there but anything inside I’d probably wait on.

@Dennis Pulscher, why have you waited this long?

You should have the contract modified laying out all that you want the seller to take care of due to the inspection. 

His recommendation was to wait a year for rates to fall and refinance the house so he can get some of the cash equity out. 

I don’t have much capital laying around and I’ll most likely be working with a partner so I’d like to have a good ball park figure of what is needed to get off the ground.

Any actions I should take while I'm waiting for the update?

You can pay the bills, and wait for the market to recover.

You wait, and do the numbers.Stay hyper-local for your first several deals.