Downside is it is in excel, so no iPhone app.

There were so many things we learned, and the biggest is we now incorporate or consider the rehab of the property as an exit, as you will see, trying to sell a <$50,000.00 house As-Is makes us little to no profit & sometimes can be a loss.

The biggest mistakes I've made in real estate comes from selling homes that are now double or triple the value.

My only fear/ biggest question is where to find a couple good carpenters?

Assigning a Contract to a new buyer can be one of the easiest ways to make a quick profit on a house that you can get below value and flip to an end buyer.But.... the biggest problem with this is that everyone could end up seeing your profit at the closing table.

But.... the biggest problem with this is that everyone could end up seeing your profit at the closing table. 

I initially started researching on Bigger Pockets to find discussions on strategies to weather the storm in a declining market because that’s the biggest fear for us to get started.Thank you for all the information so far and I look forward to being an active member on the forum.

Right now I'd say the biggest risk is in execution, i.e. will the sponsor deliver the rehab and sale/refi in the time they say they will.  

First, there is an upside and downside to investing in condos that many have mentioned: Upside: HOA fee is tax deductible and some expenses such as garbage, sewage, water, landscaping are rolled into it.

The biggest con is that there will be less inventory from which to pick, since anyone who can wait to sell later will do so.