Account for all costs, including closing fees, holding costs, and repairs.

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Couldn’t be happier about the outcome, their great tenants, rent is automatically deposited into our account and on time.

Will they "check themselves" from bad behavior when they see a professional company with professional services, legally reviewed lease, etc. managing their day-to-day?

I work for a wholesale company that does 10-15 deals/mo in Alabama.

Your mortgage company gets paid off first and then it's up to the homeowner to secure a construction loan to rebuild. 

You can reach out to the Title company and see if there are any funds remaining for dispersement, if so then ask if there is a way to make a claim to those funds.

Quote from @Garrett Brown: Thank you, it is from a company called OOD for the mirror house and then everything else we build around it.

Account Closed I have no information regarding the Due on Sale Clause.

It took me 13 months to open a bank account in Belize.