Hello, I own a plumbing company with 40 + employees and mostly work under contractors that do remodel, new construction and commercial work.

1) Rarely paying asking price or even "market price" for a property.2) Understanding how they may be able to reposition a poorly managed property for increased cashflow and value.3) Looking for creative financing, so they don't have to deal with a bank for a purchase loan.4) Understanding ROI, Cash-on-Cash, NOI, etc. and using those numbers to determine HOW MUCH they should offer on a property to meet their taget performance numbers.Funny, appropriate, recent interaction with a plumbing company.

I also had two separate licensed plumbers check the plumbing for leaks and there are none.

4390 Asteria Terrace progression photosFill Dirt & Build Pad -> Underground Plumbing -> Slab Prep

Electrical, plumbing, the list could go on and on.

Look at mechanicals, general condition, type of plumbing, exterior, roof, etc. - Repairs / updates are more expensive than you think.

I buy supplies, and keep up with pricing, do repairs, except for electrical, plumbing and A/C.

I check for solid plumbing, electrical, and foundation issues. 

Then we paid him an additional $17,500 to complete the next stage of the project (plumbing, floors, etc) but that's when everything went south.

When repairing an existing home, there always seems to be some sort of a surprise... termites, underground plumbing, lots of wood-rot under the shingles, you name it...