Lastly, I expect my mother will need significant care in the future and I don't want her financially destroyed.

Does failure destroy your reputation and your credit?

Anybody have any thoughts or experience with these things? We have a termite bond company that identified old activity (unknown how old) but not active and wanted to charge $250 for a preventative treatment.
Thanks

I’ll PM you for sure.As an update, one thing we realized is that a HELOC on the property to be flipped (appraised for $85k) would essentially destroy our credit (large loan for a short period, closing out a line of credit after a short period).  

BAD DECISION - water runs downhill so my seal-coated and still leaking roof is destroying my ceiling and my 2 1/2 year old rehab. 

If either party does not honor the deal, they must come to some sort of agreement before ending the contract, otherwise their deposits are destroyed.

They offer it for my personal home but not for my rentals.Tenants actions is something I have been looking for for several years since I got one of those tenants that destroyed as a revenge... it would give me huge piece of mind if I can find someone who would insure tenants actions, I would actually buy many more properties... any idea if/who offers these type  of policies?

Heck no I wouldn't put granite.. of goddess blue eyed wonderful smelling human you.. the renters would just destroy it.. refinish floors?

We expected some carpet damage and that a repaint would be needed but in reality the wood floors are destroyed, windows need replacing, all carpets need to be replaced, cabinets require replacing or refinishing, and the grounds need landscaping.Originally our plan was to fix this home and sell it.

They can make you a profit or destroy your place.