About 80% of the ones I've seen have fallen through, and many of those were losing deals for the seller.

Have a purpose for the land.

What tools or processes have you implemented to estimate rehab costs more accurately and avoid scope creep in BRRRR projects?

What kind of exclusives in the area does the current tenant have?  

However, a lot of condominium communities have clear guidelines on rental restrictions that often prohibit leases less than 6 or 12 months.Before paying for a really nice high-rise, please make sure you will be able to monetize it the way you'd like prior to purchase.Best of luck.

They signed a 3 year contract and have an excellent rental history. 

You will likely have cracked drywall and porches will have to be re-installed.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

If you buy a median priced home in Detroit today ($90,000) and have to put $10,000 - $15,000 into a rehab, you may not cash flow.

I have been around this wholesaling mid west flipping stuff for 20 years now and have only been approach for EM a very few times.