It took new construction costs from $800-2500 down to $325 / SF and instead of 2 years it can be done in 8-12 months (design, permits, fabrication, shipping, and erection) depending on how much homeowners customized the standard plans. 

If you are an experienced flipper and have a team of contractors that can get work done cheaply and quickly, that also becomes your competitive advantage. 

For example, if they need a quick sale, emphasize your ability to close fast.

@Esther Iroko everyone thinks it's easy to DIY manage their rental - until it isn't.You now need to learn on the fly and quickly!

I am puzzled how people were able to complete proper due diligence that quickly.  

The comps in this area also do not have a new sidewalk and walkway, yet we were still able to find a good tenant very quickly.

Ask what happens during certain scenarios, quiz them to make sure they would handle it quick.

, reducing your housing costs.Potentially higher cash flow.Cons:More intensive management (two tenants, two leases).Can be harder to finance than single-family homes.May not appreciate as quickly in some markets.Here's where I need YOUR input!

If foreclosure is what you want to invest in get a head of the game and focus on a target area and know if that HOA is a pain to work with, you might just find someone who wants to sell quickly to get aways from the HOA.

Here are some indicators to help you assess a buyer's seriousness:Questions: Serious buyers will ask detailed questions about the property, such as maintenance costs, neighborhood amenities, and property taxesStrong Offer: If a buyer makes a strong offer quickly, it often indicates a high level of interest and intent to purchasePrivate Buyers: If approached by a private buyer, ensure they provide a Letter of Intent (LOI) and proof of funds.