There's still an unknown as to the furnace working, so that could be one big surprise, worse case. 

I love and will forever value the lessons I have learnt by not having the successes hoped for in this program- I have come to the understanding that anyone that has the secret formula for wealth creation with “none of your own money” (which is not true because everyone who has ever made a deal using his system has had to fork out $100’s-$1000’s extra for the unknowns, but his psychological stab at you is that “it’s minimal compared to what the deal is worth” and can make you feel ungrateful...lol), wouldn’t reveal it without a significant return on the education component of that process which in reality has a success rate (the number of students who get deals) I believe is minimal.

Problem is that I am starting to find some private deals that CASH FLOW great even at full ask, yet the unknown appraisal is putting a question mark in if I am unable to get my capital back... and that is a VERY big deal for me and my business plan.

Account Closed why did you use an unknown lender after 30+ deals?

I would argue it's the turnkey sellers who assume the risk because they are the ones buying the distressed property and funding the rehab (potentially with unknown results).

Do not underestimate rehab costs, because there are always unknowns, and it always costs more then you think (especially when starting out).

Since creating this post, I've discovered that there are four siblings... one is willing to move forward with opening succession (estate/probate), but the other three have chosen not to do so - they are fearful of being stuck with unknown "debt". 

Not sure I'd advise going to auctions for your first property, lots of unknowns.

Hello all, I'm a newbie to bigger pockets. I love the site and am totally hooked on the idea of real estate investing..specifically, I'd love to learn to flip condos in my area (south florida). On to my topic. I've lo...

No rent controls in this area so I am good there, but just a few critical unknowns, because, well I am just not as educated yet in this space.