Pre- 1974 there are EPA lead based paint certification rule and contractors disturbing over a certain sq ft of space.If you do not follow you can face very stiff penalties into the five figures.Older building like that I usually go 60 to 65% of gross expected in costs.

The owner is in the mood to sell, it's listed and a MLO offer will probably meet stiff opposition from the agent, so you have to deal with the agent too.

Competition is pretty stiff these days though, so it will typically take a good few offers to get one to stick.

However, the fees for the attorney to draw all that up and run title could get pretty stiff as a % of $10K.

I will say that I hold a pretty stiff standard of margin, more so than most flippers I know... so I pass on plenty of deals and tend to only go after the 'really juicy ones'

I'm guessing stiff competition for small profits.

I think its a little stiff to be that stingy.

Makes it impossible for a 70%-Rehab purchase with competition like that in my area.Talk to realtors in your area and see how stiff the competition is.

If they break the lease, they pay a pretty stiff penalty that increases my annual income by up to 17%.

the people owe you $$....and THEY sent it to you....... you didn't break into their house/car/business and take it..... hey sent it to you....not your fault that they meant to stiff you and screwed up.