The orders and tdy are unforeseen events and there is no reason this should any problem.

@Christopher TaylorWhile you are all friends; you should treat it as a business.With that said - the first thing you want to do is draft up an operating agreement/partnership agreement and an entity.The agreement should mention items some of the following itemsProfit/Loss split among partnersExit planWho will be managing the day to day businessWhat happens in the event of an unforeseen event(death of a partner/member)Who will manage Admin work/Taxes/K-1'setcFrom there, you and your friends should target a market and then contact lenders/contractors/realtors

Major structural issues and unforeseen liens are the two issues I fear the most.(1) How do you seasoned investors go through the due diligence process when you’re vetting a property prior to auction?

So between that, my current tenant situation, and some inspection problems (unforeseen costs), it will be another month of vacancy on top of the added expenses.

This includes defining a work scope, Bidding to multiple contractors, scheduling work over a course of 1-2 months with multiple contractors doing different work, inspecting work done, adjusting to unforeseen discovery work.Most of the work that goes on in these boilers is welding, electrical, and mechanical (refractory work, cosmetic work, work on machinery).

In these scenarios will banks consider the termites as unforeseen and re-negotiate on the price since they will now probably have to disclose it or would they just rather re-shop it.

The 1%+ers had many unforeseen problems that ate into my returns and my sanity over the 10yrs I held them.

How are unforeseen conditions and change orders handled.

There have been a number of unforeseen repairs, which is somewhat to be expected after renting the home for 7 years.

As of this moment in time, I have no financial troubles or unforeseen costs on the horizon that will sink me.