Worst case scenario, if the contractor can't delive; you are free to adjust your strategy to bring on a do-er able to overcome performance deficiencies.

No matter what you're lacking in this business, there is always the potential to bring in a partner to fix that deficiency.

Was wondering if there were any other firms I should look at.Thanks,Marc My view is with the cap rates and interest rates being so close to each other, traditional residential syndicators that relied on either rehabbing units and/or fixing management deficiencies are not going to produce adequate return to justify the risk. 

Just another tool in my toolbox.that strategy has been taught forever by guru's and again great in theory.. but can be a total mess.. original seller still on the mortgage and especially in Texas were the lender can get a deficiency judgment against a defaulted borrower.. your  in title. and now you have given title or contract for deed to yet another party.. these deals are usually very skinny delta deals..

There are a few lenders out there who will not release a deficiency.

@Will Barnard I can't say that BP hasn't helped my career and REI education enormously, but there have been plenty of missteps...when Josh and Brandon were picking up momentum, the content provided was rushed in front of people with some obvious deficiencies...and podcast guests were not closely vetted...you have guys like Michael Quarles openly bragging as a licensed real estate broker negotiating sellers out of their equity and building wealth by performing open listings...beat people down on price and stick the property on MLS before the ink dries on the contract...and all the while new investors standing by with their jaws hung open in amazement at what an investment career he has made...there are plenty more examples....BP does bear culpability for facilitating discussions on the forums where individuals are implicitly brokering deals without a license or in clear intentional violation of their state laws.

It's possible the seller won't be able to negotiate away the deficiency, in which case, every penny matters to the seller;2.

With this understanding, my inspection revealed several deficiencies including roof replacement.

Or have you asked others to evalutate your listing to maybe see where you may have deficiencies that could improve your cash flow and fill up the calendar?

If, upon inspection, it is found that such facility does not meet the necessary requirements of this Housing Code, the operator shall be informed in writing of the deficiencies and a date shall be set for compliance and reinspection.