So charge a big fat fee for your trouble in advance.

You’ll find that being an agent is a job for them which is for most but they only see the big fat check in the front end.

Turns out there is a belly in the main line and a weakening where roots are entering the line.

Steve I have one of eachMy daughter got a 4 year degree from Davis and is now semi senior management at Intel knocking down some fat checks.My son is a GC and is building 3 homes for me right now.. but he cut his teeth doing small rehabs for us.. then trained himself to be one heck of a finish carpenter to now he can build them as the GC from ground up. 

I just think of that old idiom: pigs get fat, hogs get slaughtered. 

Thanks Jon, I actually fat fingered that 10% down so there's a correction I need to make. 

If he goes belly up, you will loose out. 

But that's also what makes it such a fat target for a claim of basis shifting.  

The market there is hot and finding fat deals may be tough to do.

So when the person we bought it from failed to make the rent payment shortly after we rescued them and they do most of them do anyway.. we could go in rehab and resell and make our profits. of course we are talking about 200 to 700k props. no 10 to 30k distressed mid west assets.. it was usually 20 to 50k just to bring them current. no equity sandwhich is a big FAT loser long term.