Also, since they are much more loosely regulated, it is easier for a real estate developer to commit fraud and not be detected.So it makes sense to me that there are rules in place to prevent "the average Joe", who probably isn't very sophisticated, from being ripped off.

My first property manager was recommended to me by other investors before they got ripped off.

Next look at condition of the building, nothing like ripping out plumbing, HVAC repairs, etc due to age.

(DO Ask for receipts if it's for material deposits.)Share competing bid information and "bid shop".Encourage bidders to get into a bidding war.Try to low-ball contractors.....they will try to cut corners or make it up with change orders a lot of times.And finally, DON'T assume that "All Contractors are Crooks" or that "All Contractors Will Rip You Off".  

It's asking for some very private information on-line and before I hand over debit/checking info with security codes and billing addresses I'd like to make sure folks on this forum have used it and have not gotten ripped off...thanks!!!

I've had plenty of instances where a shed or garage was done without a permit only to have to rip it down because the new buyer cant close until it's gone.

Especially if there's bad drywall and it's already ripped out.

I'm early enough in my timeline where i can still set a new foundation to my investment path without ripping and replacing anything.Thanks everyone for your help.

After last nights conversation I need to pay him today to get the work done.Details:The house A/C was ripped out and sold in this foreclosed house.

If they are all clean cosmetic rehabs that are fully modernized then you either have to rip it down and drywall everything or do something creative like the others have mentions in this thread.