If you don't genuinely know how to build, the codes, etc., you probably shouldn't set yourself out as a contractor.

For example, in a market where the average property is selling between 98% and 101% of asking price, offering 80% just won't make any sense unless there's something about a specific property that justifies it.Offers like these are genuine time wasters for agents - and time is the number 1 resource that we have to make a living.Respect your agent's time and talent and things will work out better for all concerned.

Similar to the networking aspect, you need to meet a lot of people but you really need to not only make those people like you but create a genuine trustworthy relationship with them.

I'll re-evaluate my numbers as practicing definitely helps point out flaws in early assumptions.I think my biggest concern (beyond just getting myself into a money pit) is that somehow I'd be inadvertently screwing over someone who's a genuine friend.

If you can get him on the phone also you may be able to find out what his situation is and that will give you a chance to feel him out and see if you think he's being genuine. 

IMO you will eliminate many non-genuine professionals that are just looking for a quick $.Feel free to listen to a podcast I did with Bigger Pockets.

Those are very close.Assessments do take the condition of the building into consideration, but they are broken into two parts - building, which can fluctuate with condition and land which doesn't.As to older properties, I'm selling one for a client now and rehabbing one of my own.The one I'm selling is a genuine antique, built in 1814.

I am proactive and serious about creating genuine relationships that are going to be mutualistic in nature. 

Here's an interesting article, but has anyone on BP had any experience of dealing with these guys?http://www.bloomberg.com/news/2014-07-07/cerberus-...

If the FHA is genuinely seeking to limit questionable loans, might this be just one initiative in a series of impositions to follow?