My duplex had an additional unit built in the basement and discovered by city inspectors when a neighboring squabble caused buildings department to check houses on the block and my house had 3 mailboxes out front.

Most of the homes I've represented here recently have been new builds, and I currently view the margins on rehabbing off-market or wholesale deals as too risky in my market.What has really made me consider the Flip System is my own experience of making offers on 5-6 homes — each over the asking price — only to find myself among many bidders and ultimately seeing another offer accepted. everyone is fishing out of the same pond if you think some system is going to tie you in to super secret inventory that is way below market. 

what are your favorite tools to discover and compare real estate markets?

Bouncing payments or only being an illness or accident away from notbeing able to pay the rent, are issues considered by our underwriting.Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter ofexplanation (LOX).

I financed this deal by connecting with the Total Quality Lending Team, whom I discovered through BiggerPockets.

What if I want to do a full rehab in the future and the unpermitted work is discovered?

The guru's that promise to teach you the secrets are often packaging generic information and selling it at phenomenal markup to people that want to get started but often do not have the resources to start and the fee they are charged simply puts them further behind. 

By the time I discovered it, they were so attached to it that I allowed it to stay.

Knowledge is power and worst case you'll discover it's not a career you want to do but have a better understanding for how it all fits together. 

I discovered BP about 3 years ago and it has definitely given some perspective.