I made a few thousand less than expected but I figure that's just the cost of doing business sometimes.Based on my experience I wouldn't let the remote possibility that a homeowner might go into greed mode dissuade you from doing these deals.

If any costs go up, developer eats it.

(Lower interest rate, easier to qualify and lower costs.)

My money market funds are dedicated to go towards a down payment, closing costs, etc.

@Jessica Seppo,Many people take the cost of an LLC and funnel it towards more insurance and an umbrella policy.

I can promise you that my first deal was TERRIBLE, but I lived at a reduced monthly cost to living than renting/buying a single family and that is what mattered. 

Completely eliminated noise complaints from the lower level and reduced utility costs.

If you paid $950k and only get $1M after selling costs, don’t bother with the 1031.

Upon BP member recommendations, my husband got his real estate license which now helps increase our access and decrease our transaction costs.

Can waste a ton of time, money, and effort on this which could be used more effectively evaluating deals, strategies, and markets where you can find returns.Good luck and feel free to connect if you'd like to chat more about it!