Not sure any system is fraud-proof, aim for fraud resistant and weeding out 99% of the liars :)

If you take advantage of new technologies: thermal mass electric resistance heating elements or electric air-2-air or ground-2-air heat pumps (especially ductless units with split heads), electricity can actually be cheaper.We have no oil heated properties and whenever we pursue a property heated with oil, we determine the cost of converting it to natural gas or electric and bake it into our analysis.  

I guess I’ve been hesitant as I assume these deals were put under contract at pre corona prices but not sure.All I have learned is that these assets are recession resistant.

Eventually the SFR owners won't be able to resist just selling out, and then they'll be ones arguing why the new condo development on their property is actually a great idea now.

Of course you get shoddy service and fast food type answers (The path of least resistance).

We ended up going with Coastal Oak LVP on this one. 1.99/sf, lifetime warranty, waterproof, scratch resistant and interlocking.

For the inside we used black heat resistant paint to contrast to white and the black.

This leaves the buyer broker/agent in a compromising position with the seller.This can create an unintended "implied agency" with the seller when you represent the buyer.There are plenty of MLS listed property companies out there.If there is a listed property with a broker/agent giving full representation on the listing side with a similar priced house and co-op the broker/agent will take the path of least resistance.

Still, I cannot resist asking this: If Mike had an end buyer with a pre-approval in hand (from a major bank) and a written intention to buy the property from Mike after the rehab is done, would such end buyer (holder) absolutely make no difference?

The premixed acrylic grouts that MUST be used with them are self sealing in 24 hours and very stain resistant.