In my experience, section 8 tenants can be a real pain and should be vetted more from a holistic perspective than from a traditional quantitative perspective.

Last piece of advice is to raise additional capital because shortages while building ground up can be a painful proposition.

I want the full 160k through all of the pain and suffering I have gone through. 

In fact, since the pandemic and inflation hit, the 2% Rule seems to have all but disappeared in all real estate discussions and been replaced with the “1% Rule” in this tighter market. 

hey everyone,i’m a developer with a big interest in the real estate space, and right now I’m digging into how tech can better support agents like you. i’d love to hear about the challenges you face when it comes to finding clients.what are the pain points in your client acquisition process?

Contracctors jack up the scope and cost mid rehab, disappear for 3 weeks, inspector takes 3 weeks each.This is why every flipper needs lots of education AND to hook up for every rehab with an experienced local rehabber/flipper/or rental rehabber to check in on your project to give you tips and helps.Where can you cut corners and where not to.   

But sheesh that's just so sad and it does nothing but cause more pain and suffering for everyone else who isn't even involved and has to pay for the wrong doing of others, ie increased insurance etc.

What are the biggest pain points you've encountered when trying to find distressed or off-market properties?

I think that they were just having a lot of growing pains last year, but they have ramped up and fine-tuned their customer service a ton. 

Also greatly important are quality contractors at great prices who won't disappear with your 50% deposit.