And then do it again.It is actually possible to have a super experienced General Contractor, a very deep pockets money partner, and still lose money on a flip.The most common reason, in my experience, is having a project run over schedule and placing the property on the market during the off-season.

@Jonathan Greene, @Peter Mckernan, @Zachary DealThank you all for your insights this is super helpful and I appreciate the responses.

The buyer then needs to be do what's best for them@Kwok Wong: you don't need a LOI, you don't need a super aggressive EMD like that, you don't need to just get it under contract then shake them down.

You should consider skipping college and getting your real estate license if you are super serious about the industry!

Also, any advice for avoiding those unexpected surprises (or at least making them less painful) would be super appreciated.

That's a super high dollar per hour.

So again little effect.However, office started tanking even before interest rates began to hike super-quickly (due to covid and then changes to the way we work).

sorry if is stupid question Yes.Another strategy is you could inform him to contact the super for any issues and ignore further communication from him directly. 

The rent is not super high. 

@James Mc Ree, this was super helpful.