Having to “disclose” the work in the flip basically is mandating doing something that helps the buyer recognize the scope of the change which justifies the mark up.  

.) • How do you handle change orders if unexpected costs arise? 

Check out FilePlace, where user-created forms are available for free.

I mean after decades of doing this myself well over 1000 lots created..

If you anticipate further recoveries, you may need to adjust your claim accordingly.This post does not create a CPA-Client relationship.

@Juliann MoralaA GC is suitable for estimating rehab costs, but consider hiring a property manager or investor-friendly realtor for unbiased opinions.Video Walkthrough – Have them record a wide-angle video of the interior and exterior to capture the whole condition.Floor Plan Mapping – Use an app like MagicPlan to create a detailed floor plan with measurements.Major Systems Check – Roof, foundation, HVAC, plumbing, and electrical—any red flags?

I created the diagram below to help guide you through the decision of whether to keep or sell.

I am a little late to the game and have been told several times throughout my adult life to invest in real estate, but I ignored the advice.

Crazy.... you are letting someone you dont know live in possibly the biggest investment in your life.... and you dont check out who they are???.....

I just finished reading "Set for Life" by Scott Trench.