My apprehension with single family homes are the unknown structural issues hiding inside/under the house.

Hello All,I am new to the Bigger Pockets forums but have been listening to the podcasts for several months now. Although I certainly get a TON of value from the platform already, I found that more sophisticated, nuanc...

That's an entirely different situation than mine, with alot of unknowns.

:Also having a general contractor who does the entire thing for a fixed price will save you lots of time and headaches; even though it maybe a bit more expensive but in the long run I think it is well worth it.Keep in mind that rarely does a fixed price remain that price throughout the entire renovation...As the renovation gets underway, the GC may find surprises that were previously unknown and will want to charge for those surprises.

It would be better to buy a finished home and have a peace of mind than to jump into the unknown.

Anything lower than 30% and I am putting my investors' money at risk specially if and when the real estate market goes down.Impressive, i'd be interested in knowing in more details what kind of $50 million projects consistently land you a +30%LIRR I find IRR mostly IRRelevant if all the metrics such as leverage, rent growth, cap rate expansion/compression assumptions, are unknown, especially at this point in the cycle.

I agree with Chris, there are too many unknowns for anyone to be able to give you helpful feedback at this point.  

Too many unknowns, but "can't find the deed" is utter nonsense.

almost all fear at it's root is the same: fear of the unknownso I learn as much as possible to make less things unknown, then I'm not scared. easy 

Cons- possible unknown mechanical/lien issues and an off-market property is hard to get a peek at prior to auction.