I know the basics of house flipping already and I flip in the Bay Area.Please don't comment here and say that coaches and etc are scams. 

I encountered a lot of bad management companies who just drain investors money.

Allegedly they were scammed by a fake landlord posing as property owner. 

You're not the first person to encounter something like this (hard to believe, huh?)

Tampa based property manager here. To say the past few months since the storms hit have been challenging would be an understatement. But something happened to my business in November that may be a larger issue for man...

The payment method in the original post of this thread sounds like a half scam!

I'm just thinking of the different scenarios I may encounter once it's actually time to purchase these investment properties.

Any work outside the scope of the initial plan is not permitted as the loan amount cannot be increased.If the project encounters cost overruns, those cost overruns will be the responsibility of the borrower to pay.Renovation Term Extension Fee:.50% of the total loan balance.

We often mail out the first check when we encounter these situations. 

Search the BP for ADU appraisals to encounter numerous examples.