Between  having no agents involved, and the seller not having to spend more money to remodel, you might be able to get  a good deal. 

That business model works well for more static assets (private placements) but is not generally best for investments that are more time-sensitive in nature or involve a lot of transactions (rental real estate, tax liens, etc).There are a smaller number of firms that provide plans offering checkbook control. 

And, as noted, a circular saw with a clamp guide (plus sawhorses) is truly your best bet for sheet goods.That said, I built a roll-around storage table with locking casters the same height as the table saw to use as an outfeed support.

Could I ask how involved was your process of investing, how much did the RE agents help in all the process (finding properties, negotiating price, arranging inspection, paperwork, legal, etc) or was it mostly work you did on your own?

I have seen this problem rampant in UT as well with low appraisals and I bet all across the country just due to the fact that supply is so low and demand is so high we are appreciating so quickly that appraisers cannot keep up.

@Ike Ekeh How things go really depends on whether the parcels involved are already incorporated into the relevant municipality's growth plan. 

If it is toxic black mold, the remediation process is very involved.

Pending litigation could have been decided with final judgment entered; perhaps litigation initiated involving the property, lis pendens recorded; federal tax lien could have been recorded... lots of things can happen before settlement.

No numbers, no deal, end of story.I bet buy and hold in promising in Twin with a strong rental market and influx of jobs.

in so cal it would be RARE to have a lawyer involved in this transaction @David Weintraub  we are a title and escrow stateso take out the 1k  and the two addition doc review fee's 750 and 795  those are straight to the lender for his profit side.other than that fee's are fairly standard..