Spend time and due diligence in proportion to the task being performed.

Lock it, blast it, and hope is not a good business practice and this advice likely violates RE licensing laws in the state.To be a successful wholesaler or to successfully wholesale a deal, one must add value and one must perform the transaction legally.

No easy task either but you are on the right track now.

PRICE ESCALATIONIn the event of significant delay or price increase of material occurring during the performance of thecontract through no fault of the Contractor, the contract sum, time of performance, and contractrequirements shall be equitably adjusted by change order in accordance with the procedures of thecontract documents.

This is to prepare you for market fluctuations and look at how an investment would perform in a market crash scenario and test your ability to withstand vacancies, lower rents, or a decrease in home values.

I closed on a 3/2 SFH fixer-upper in Columbus, OH on 6/10 and signed a contract w/ a contractor on 6/13. My agent recommended him and said he can get the mostly cosmetic rehab work done in 45 days (which is in the con...

The pros are that I have now gained 5 years of equity not including appreciation, the HOA covers most management tasks, and it gave me the confidence to get my second deal.

@Evan Davis Vetting buyers is a long and time consuming task.

Opening wallks means demo, insulation, drywall, mudding, texture, painting,... tasks which adds a lot to the overall project cost.Flooring, painting, cabinets, light fixtures are all pretty straight forward

But if you want other landlords to know about the poor performance of a tenant the only way to do so is by suing/evicting and that way it will pop up on background checks.