If they say put up higher railings, additional smoke detectors, etc, complete it promptly and document it.I've been in the landlord business for 20 years, and I've always kept my properties to code and well maintained. 

Flooring, Drywall, refinish basement, roof, gutters, tuck point around house, and one full bathroom gut all had to be completed. 

It is complicated because these investments are long-term, illiquid and completely out of your control.  

@Don Konipol , Investing in notes can also be a completely passive thing. 

Thanks for input,Charlie@Charlie Krzysiak  It was touched on above but condo's are completely different then single family/townhomes and even 2-4 units multi family  properties.

That seems like a good feature, I will check them out.

You can do this without a coin-op feature, but then you have to bill the tenants for small amounts which is just one more thing to have to track and follow-up on.

I’ve only completed one wholesale transaction before I started flipping.

After receiving these funds, he and his partner has completely disappeared, leaving us with no communication or updates for over 2.5 years.

Be very clear that they must transfer the deposit along with a complete set of tenant records (application, lease, payment ledger, etc.).