Another thing to consider is manpower and contractors.

Very few have the manpower and forethought to develop a strategy for keeping you up to date each month so you should at a minimum expect to be keeping up with them to monitor the progress of your properties.

They said the city doesn't have funds to do a search for vacant properties with taxes due, a lack of man power.

Unless they are buying larger tapes.. the man power to buy from single investors is pretty intense...

Not all banks have enough man power to handle the defaults and use third party services to assist.

The larger size the building, the more manpower it will require.

She will buy a distressed home and I will front the man power and money for all the repairs which might end up being equal to the amount of the house.

+3 months is not normal but the low interest rates are causing major delays due to the increase in applications vs manpower. 

Finally, there is the simple man power side of it.  

Basically, I have the manpower, knowledge, technical trade skills and ambition to be really sucessful in the flipping industry, but don’t have the financial backing or financial knowledge needed to complete large deals.