Labor cost and job completion are Subject To Weather.

@Oliver Martin, I'm still quite new to all of this as well and will be monitoring this thread to learn how to "project" or "forecast" a market.

By running your numbers with confidence and establishing an appropriate reserve to weather the worst case scenario and then some, you can make an informed decision if this is right for you.

J Beard is a big one in my area but his properties (at least in my area) stay on the market so long that his signage ends up falling over and deteriorating in the Texas weather.  

Understanding that we could likely weather the monetary storm using the $150,000 in equity in our home, we were next stricken with respiratory and other health issues.

I went on Monday but the weather was so bad alot of liens went unsold. 

Thinking it would take a good size crew to get it dried in ,in short order of predictable weather. 

@Denis DeleonIt took me years of studying real estate, personally buying, rehabbing, managing contractors and tenants, running costs, forecasting, borrowing $$$$$$$ and making lots of mistakes.... before I could get a real estate license and with a straight face buy or sell property for someone else.  

also wanted to note that paying off the defaulted loan could take awhile and I would weather not wait all of that time to get started  

While it is true that unfortunate things happen to good people, you want a tenant/owner in the property that can weather the storm and avoid default.