It was very surprising how ABC’s appraisal ($102,000) was so much higher than our bank’s independent appraisal ($60,000).

All in all, everything I analyze from wholesalers, independent and large, are only giving about a $20,000 profit.

After all, this is real estate, and it would be unrealistic to expect that things like tenant issues or other issues do not ever occur, even in TK or new construction investing.Some notable items to understand:1) This investor independently chose to move forward with this Akron property on his own.

The fairest would be to have an independent executor. 

"Susan Chang, a Los Angeles landlord who also represents a small contingent of independent rental unit owners, told the Globe that this only “continues the nightmare.”

From your post it looks like you didn't have a property  inspection by an independent third party and are going by what they have told you it needs to be a functional rental.7.

I personally have my contractor sign a "Independent Contractor Agreement" and I will have it specify the dollar amount of the renovations in the agreement and attach the scope of work to it.

I've been an independent broker for 38 years now, and I've always represented myself in real estate transactions - even for out of state transactions where I won't be paid.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

If your priority is building wealth sustainably and positioning yourself for long-term financial independence, I’d strongly recommend considering properties like duplexes, triplexes, or even quadplexes.