It seems to me that the flip rate, i.e. the percentage of home sales that are flips, can be a useful measure in taking the "temperature" of a market and as a supply/demand indicator. 

I would put at least $1000 into up front repair costs for good measure.

Gary helps everything make sense by reverse engineering the goal of $1M income and getting that goal chopped down to actionable and measurable steps.The E-Myth by Michael Gerber- Highly recommended no matter what type of business you’re looking to begin - RE Investing, construction, development, property management, etc.

I've had the best results from referring to teams as they tend to have stronger systems and measures for accountability among their agents. 

A great book I read quite some time ago was "What every real estate investor needs to know about cash flow... and 36 other key financial measures" by Frank Gallinelli.

Take an accurate tape measure and see if it's close enough for thin flooring to solve the issue.

Some of the measures you’re taking are very good.  

When you say to them, "Hey, YOU asked me to make a promise to you in this contract, and I need to take certain measures to keep that promise YOU asked me to make," it makes them think they're in the driver's seat. 

We also don't expect to get contracts in the first week, though, since our average DOM over the past 3-4 years is measured in months. 

There is no compelling reason for a seller go give up equity right now, even job losses and missed morgage payments will most likly be counter measured by the government.