This includes if the property does not close.Your agent should be holding your hand through this process.  

And I've even walked the heirs through the process.

The process must be understood and applied to team building, investing your and 3rd party capital, and financial deal structure with debt and equity sources. 

That process makes everyone dig deeper. 

Because you are forcing equity into the house you are sometimes able to pull back out the entire purchase and rehab process to return to your investor then you own the home with just the mortgage.

I find it hard to come up with reasons when the screening process is being done over the internet.

When a tenant moves out or there is a repair 99% of the time I have reserves to cover those expenses because that was a requirement in my process of underwriting the property.

Morning!  I'm not a real estate investor, but I like learning. I'm currently reading David Greene's book on BRRRR and was curious about how you all go about planning or visualizing added rooms to potential purchases. ...

One of the utilities, South West Gas, based in CA, gave me a hard time putting the account into my own name. after several calls, faxing the court-stamped eviction order, verifying my deed through the County, etc,  the operator finally agreed and started to backdate the account change to the beginning of the process!

While I agree that the purchase is an important part of the process, if you buy based on price and not on the STR aspect of the deal, it could fail.You might get the best damn deal on a property in an area that makes a terrible STR thus it isn't a deal at all.