I got away from it as I didn't want to be liable for it getting lost/stolen.

Before I start marketing the deal to my list of buyers what do I need to to do to make sure the deal is sured up and that we don’t have to worry about it being stolen.

It could be the location, i.e. coastal SoCal (or conversely at the airport where people are literally trapped for hours), it could be the exclusive presence of unique brands or merchandise (think boutique/trendy/artsy), something special has to draw traffic.

Sold the houseDeal details:3 BR.1bath brick house with attached 2 garage door in Flint, MIPurchase price including closing cost, inspection, etc: $20,673Rehab cost: $7,150 that I funded myself.I estimated $5,000 but went over because hot water tank and furnace were STOLEN while the property was listed for sale (any tips on how to avoid that other than avoiding such locations are appreciated)Rehab scope: minor plumbing, painting most bedrooms, installing light fixtures, replacing the carpet in one room, installing fence gate, landscaping, and other miscellaneous tasks.Sale cost: $6,250 including realtor fees, seller credit (3% of sale price), title insurance policy, etc.Profit: Sale price – [ acquisition price+ rehab cost+ sale cost]=49.000- [20,673+7,150+6,250] = $14,927Please feel free to comment on the following.Things that I should have handled differently?

I wrote a Post with the Heading "  A Stolen WILL that Contains My Quit Claim Deed & Title to Home !?

It wouldn't be a bad idea to record the appraiser while they are inside just in case you need to prove anything (something was stolen, damaged, touched, etc.).

I communicate it via email, text, or a phone call.Now, IF the offer gets accepted, I insist on an inspection period where I can really dig in and do my due diligence (contractor + inspection + discussions with property manager & realtor + deeper dive on comps, rent projections, neighborhood, property taxes, etc.)If I learn something during my due diligence period that changes what I’m able to offer, I communicate that to the seller and we either agree on a new price, or we cancel the agreement.Also, since I’m under contract, the deal can’t be stolen away by another investor, and I have time to decide if I really want to buy it or not.

I’ve had break ins with vacant properties so I’d rather have someone in there vs having the back door kicked in and having copper in the attic from my HVAC system stolen again.

-U&O are waaaay more lax than the suburbs-Low TaxesPhilly Cons-COMPETITION (like any metropolitian area)-Sloth bureaucracy (permit pulling, plan approval)-4.28% Transfer taxSuburbs Pros-School systems that sell homes, not blocks-Safety of your equipment/materials not getting stolen-less competition (unless you are by a university or the #1 school district)-Permits/inspections are handled on micro level, usually takes a fraction of the time as it does in Philly.

This home was stolen from the Black community in the subprime mortgage crisis, and it's been sitting vacant for nearly years," said Walker in a November press release.The last sentence of the article did surprise me - "Law enforcement were ordered to forcibly remove any occupants of the house if it is not vacant within five days."