I generally just throw in the details for a couple buildings and see if they work out.

Maybe you can work out a better deal?

It takes a while to realize that not every deal is going to work out, and while it sucks that a deal comes close and then falls through, it's just part of the business.Also remember that for every deal that *should* work out but doesn't, there will be another deal that really *shouldn't* work out, but does.

And, it's a waste of time snooping around without knowing there is a chance of making it a deal.Believe me, I know it's a temptation, but it will work out better if you ask around first.Be prudent, inquire, be professional

Once again the pay is the part I have to work out.

If it doesn't look like it's going to work out, no worries.

A few additional notes: * obviously deal with only investors who have a track record* Hard money guys charge from 9-12%* They typical note is anywhere from 12 months to as long as 5 years* Options - I like putting these in my agreements so both my investor and I have multiple exit opportunities in case things don't work out between us.

So this data does not include large apartment complexes that usually have many amenities, such as pools, clubhouses, workout facilities, computer center, etc.

I feel the need to find the deal, create the scope of work, bid the work out, and create a final "punch list".

I usually work out a moratorium on payments while I fix it up, so I am only in it for materials and labor.