The market is slow currently and you need to check flood zones and assess insurance costs when underwriting a deal.

Make sure your rehab is "renter" cost rehab. etc. 

Our goal is to be able to use either some type of software or spreadsheets to continue to build off of and help dial in our costs as we begin to hire more contractors for our team.

If not and you wrote them the check, then most likely the $ is gone and suing for that money will cost you more than $1000 unfortunately.So cancel the agreement and request the funds

If you don't, it can cost you everything!

Start small, ensure your numbers (purchase + rehab + holding + selling costs) leave room for profit, and build a reliable team (contractor, agent, lender).For financing, work with lenders who specialize in fix-and-flips. 

The two deals with friends both ended poorly with friendships ruined and tens of thousands in legal fees and court costs.

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

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Helping clients navigate these processes can prevent costly setbacks and ensure smooth project execution.Carlsbad is bursting with potential right now, and with the right knowledge, you can be the expert your clients rely on to open these incredible opportunities.