Hey guys,Timing chain on the Mercedes just went last week, and now the transfer case on my Durango just went leaving my wife and I without transportation.

The buyer backs out and looks for another house, leaving the investor (seller) scrambling with increased holding costs.So, any house I plan to re-sell I immediately assume that FHA & VA financing for a buyer will not be an option.

You would have to front some costs to perform all the DD, but the receive it back.I know a few posters on here mention that lenders wont lend if you dont have skin in the game.

The seller has a very strong incentive to minimize the issue, and leave you holding the bag for a major problem.

Its not quite $100/door. 50% of $1800 is $900, less the P&I leaves $235 or about $60/door.

I would just leave the rubble there, and fill around it.

(If you are running crews, it is always best to pay on Mondays, but that is for another thread)While there are many crooked contractors in the field, you also must realize that there are many shady investors out there too.The 50% plan has worked out well for all parties, and it builds the foundation of trust that both sides need to have.That said, there is a sea of very bad contractors out there, and many will rob Peter to pay Paul, and others will just leave you in the middle of a project for one that is more profitable to them.

More realistically, have him die and leave the house to his kids.

In my experience PMs are not as diligent as you will be, ever, because they don't have real skin in the game.

For rentals, consider expenses = 40-50% of rent, subtract off the P&I payment, and leave yourself a profit.