I got cold feet after the inspection revealed issues in the bottom unit including the 2 gas space heaters not functioning (going into winter), the flooring caving into a sinkhole in the kitchen without the ability to determine cause, and all the drains outside leading to the sewer were collapsed causing fear of flooding.

With earnest money paid and inspection completed the inspection revealed some roof issues.

Sorry but that is as much info as I am going to reveal I Will say I am on course to Net before taxes 1/2 mil this year flipping.  

Tiffany, in our conversation, revealed that she mistakenly believed that she had every right to stay indefinitely as long as she paid the rent. 

Especially when you set up the controlling entity in states that legally do not have to reveal the owner's identity, such as Delaware or Wyoming. 

We knew there were some cosmetic issues that needed to be addressed but when the inspector went into the crawl space it revealed some structural issues.

You really need to make sure that the GP is as honest and responsible as much as yourself.During the trial, it was revealed that the GP declared Bankruptcy not just once, but TWICE.

However, screening of the spouse revealed debt, collections, no source of income, etc. - I would never accept that person alone.

I noticed a pattern in his statements, and it revealed a fallacy that many people have: He assumed that the profit in flips comes from the rehab.

Revealing that a $70K house doesn't have new mechanicals is no surprise to anyone with experience.6.