I've found that having a good team of people who trust each other, stay in their lanes, and communicate are the biggest reasons we have succeeded.

Also running a new owner incentive in January for 1st quarter '25.

My biggest two cents is no one should flip unless they are the best at estimating ARV in their room--better than the appraiser, agent, lender--when that happens, your deals will fall into line. 

The biggest pain in the butt is also the best for increasing bookings and that is the hot tub.

What are your biggest concerns about the project?

I recall reading in Forbes that major foundation fixes can add surprising value, becuase it addresses the single biggest fear buyers have.. a shaky structure.From my three decades in fix-and-flips, Ive noticed how important it is to have a team you trust.. from attorneys who know probate deals to realtors willing to drive for dollars with you, scouting hidden gems.

You haven't even asked about your BIGGEST challenge - finding "trustworthy" contractors.- Most contractors will cut corners, or worse, once they figure out they won't be watched closely:( Your job will also go to the bottom of their priority list.Monitoring progress is relatively easy: hire that same inspector to go by weekly or before any payments to take a VIDEO of:1) What was done2) Quality of workmanshipOne other thing you didn't ask about, payments to contractors.- They all want 50% down or as much as they can squeeze out of you. 

An agent has very little incentive to not to present your offer to the seller.

That gives an investor a real asset to collateralize and it gives them incentive to not let the buildings dilapidate at the end of the lease.

That was the biggest motivation to post it, and this was the most recent story I could recall.