Educate the land owner on the potential profit run the numbers and go over the basic proxy and blue prints.Make sure you have a seasoned and qualified Builder/GC because they can be a deal killer with wasted time and inflated material and extended completion dates.

There was a recent webinar, bottom line, it looks like Darryl Heller sold off many of the ATMs, didn't pay the people who put the cash in them, didn't pay the stores that have them on site, isn't providing information to David Zook's team that the court has ordered and is racking up something like $50k+ a day for not doing so...it is a complete mess and seems like there are only a fraction of the ATMs that might still be producing money but the company hired by Zook to get their hands around all of this is running into many roadblocks because Heller's team isn't providing info. 

@Lindsay Davis - I completely agree with those numbers for Decatur. 

He had over 120 houses sub to at that time as well, and was in complete shock!! 

Quote from @Scott Morris: Quote from @Joshua Espejo: Quote from @Haidee Rivera: Hi everyone, looking to get into the land flipping business, but am a complete newbie.

Will have cosmetic rehab complete in less than 45 days How did you find this deal and how did you negotiate it?

So, this whole "you must live in the property for 1 year" claim that we see online seems to be completely baseless.

I am starting a total renovation. Gutted main floor and new construction second floor for added sqft. Should this comp as new construction or remodel? New drywall, mechanicals, windows, electrical, roof, siding- essen...

I would recommend seeing the eviction through to completion and using it as leverage to recuperate as much from the tenant as possible. 

Quote from @Jim Bryant: So, here's how it turned out:He showed up completely unprepared to back up any of his claims.