Only psychics know exactly when the exact best time to buy and sell is, and so for the rest of us who aren’t psychic it’s a pointless guessing game.

Check with your local building office on that.I may be reading too much into your posts but I'm getting a feeling you might find the prospect of rehabbing a house either financially or psychically daunting.

I don't think anyone can predict the future... maybe a psychic medium?

Short of hiring a psychic, there's plenty of information about your business that you'll need to actually tell someone in order to effectively do your bookkeeping.

@Theresa HarrisScary, You are a freaking Psychic!

I'll be psychically in this house on Saturday.

I get a psychic reward out of being a Secret Santa and the DAF handles all the necessary IRS paperwork.

You must be a member of that other BP - Bigger Psychics :)

Then there is the very, very tiny percentage that actually turn the corner, hit a long term global low in prices, the governing supply/demand dynamics that have held the market down so long suddenly fundamentally changes and successfully transition to appreciation over the long haul, and you as the psychic emerging market real estate investor somehow see it coming and get in before the crowd; that's the elusive unicorn you're hunting, no? 

The professional isn't a psychic but based on his/her experience you'll get an idea as to the general risk.