Another common mistake is to estimate the complexity of the work by the number of pages.

Hi Tyree, I’ve been doing the same: reading book after book trying to learn as much as possible hoping to avoid mistakes.

Class A would be all good/great categories in this regard and Class D would refer to the worst/bad properties in those neighborhoods.  

Not doing this is the mistake people often make and puts them underwater.

Once for a retail end buyer (worst idea ever trying to wholesale to them) and an MLS deal.

Now those same props are selling for 110- 160k.MASSIVE mistake not keeping 50 or so more of the ones I flipped, SO DUMB!!  

I've decided to put the excess in a savings account just in case the city realizes the mistake and wants the money back.

Otherwise, the rehabber made a mistake, not you.

You could try the angle that the owner was trying to manage too many units before and now that you've taken over legal responsibility for the worst ones, you will make sure things go smoothly. 

We all make mistakes.