RE's super power is equity over time.

Quote from @Tenzing Palmo: Hello I’m looking for my first investment property in Dallas Texas, I live in nyc so I don’t The trick with new construction in many of the growth cities is that don't allow rentals in the HOAs or have super restrictions. 

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.

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).

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!

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

That's a super high dollar per hour.

Umbrella is super cheap and will do the job.

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