Ironically it's much more difficult to buy a quality asset than a cheap duplex, as you are competing with other experienced investors and it may take more time.

Before long you'll know a bunch of the local players and won't need to share unless you have trouble selling to your list... and then team up again, meet some more investors, list will continue to grow.

Keep in mind this guy was a bigger player so he had Lots of deals out with this lender and now peer st. 

If you have buyers like that competing with you, rather go to the next property or sit this one out. 

I have found locating a competent trustworthy contractor is the most difficult challenge to success in flipping properties.

Cash-out now or hire someone more competent to handle your affairs. 

@John UnderwoodBaseball story about the origins of Charley Horse: from an 1887 newspaper article:When Mutrie, of the New York team, suddenly began limping after running to first base in one of th[e] games played here last fall, [e]very bass ball player at once ejaculated "Charley horse."

Also, we are competing against other PM’s so we need a competitive advantage.

Most of your closings are going to come on the followup, and that's where most note players fail-- they expect to get results on the first mailing.

I see why many of us on BP want to keep admin work to a minimum and reduce the necessity of extra entities and extra bank accounts, but these are things that the big players do.