Account Closed   I have wrestled with this in my 30 years of doing HML's  and have gotten thousands of PG's but I can't name one that we actually went after.. the issue being those ( and this is generally speaking) those folks that borrow HML  by the time you would be in a foreclosure situation and have to move against the PG there is little to get.. its very expensive and darn near impossible to collect..

You can spend tens of thousands on the attorneys fees so do not expect a few hundred like in residential. 

Sure but so could hundreds or thousands of other deals on the market.

Fire and Police unions and their lofty compensation packages are ruining the city budget which prevents the city from cleaning up the streets in areas that might otherwise be interesting to develop. 

You will have that 30k plus thousands more. 

Spend a lot of time here on BP and read through the thousands of threads related to wholesaling. 

Not sure how rates are going, but is it so much higher now that having to take current rate at closing would ruin the deal?  

Incorrectly filing taxes can cost thousands in mistakes and since real estate can be held for a long time, the mistakes compound.At least consult with a professional.

Spending time with a real estate agent looking at the properties that ours will be competing with when finished is probably the surest way to make sure that we aren't overspending.You might have just saved me a few thousand on the next project!  

Although in my case, I saved literally thousands of dollars by being willing to assume the risk myself, I wouldn't recommend this as a good strategy for any case in general.