They can be good investments, especially with good turnaround strategy and execution.

They typically reached out to me or my staff four or five times a year and subscribed to monthly or quarterly sales reports that were developed after sales information gathered from the county recording office was collected, analyzed, and verified.3.

@Marcia Maynard  To treat your plumber and your staff for a professional massage does sound like a great idea, and a nice personal touch!  

Paid By The HourWhen executing a flip on a TIGHT timeline, every HOUR counts!  

As far as execution, set a hard date and make it abundantly clear that all cars need to be removed on a certain date for "parking lot maintenance" and that anything left there will be towed at the owner's expense.

But try to fill in the following:- Taxes- Insurance- Utilities- Maintenance- Contract Services- Recurring CAPEX- Payroll (if there are people on staff at the apartment)- Advertising- General Admin (again if you have a leasing office at the apartment)- Management FeeIt's tougher for houses, because so much of it depends on whether or not you have a turnover, but I still try to use an estimate of expenses instead of a percentage of income.

Rachel, in MA, there is an "offer to purchase" which is signed by both parties, then separately the Purchase and Sale contract is executed after inspections are completed.

You have little control over the execution of the business plan.

Those that adopt will incur additional expenses in operations, they will either hire these issues to be taken care of or they will need staff to do so.

The 'finder' assigns the contract to the principal who executes the transaction.