Paint after major repairs/modifications are done, not before, and those shiny new appliances can wait until almost last so they don't get damaged in the chaos.

Certainly agreed with Ibrahim on his comments...he should get one project and if it goes perfectly give him one or two more and see how those go before giving him any major volume....Is the contractor a GC?

Your concerns are well-founded.A major problem is that there are very few folks in these areas that can obtain financing.

On the other hand, the majority of the risk is passed on to the buyer if you're wholesaling it.

Before you explode like Starbucks, a few words of caution: Have a set amount of money in reserve for turnovers, repairs, vacancies and major issues.

I’ll be happy to supply numerous examples, as I receive these email distributions constantly from commercial guys.I return to the fact that it’s noteworthy that a large percentage (a majority at the other large Memphis company, per their site) of sales at large companies are completed using private lenders at interest rates you've indicated previously are in the 8.5-9.5% range.

Assume no major maintenance items, but allow for some minor items.

Of course every market/city is different but it gives you a good idea of what is flying with the major banks ,etc in terms of discount off list price.It would also be interesting to know what terms are being accepted as well.

It’s a major rehab, don’t misunderstand, but it should work out very well.

Price per square foot ballpark they expect to pay, beds/baths/size/condition - major rehab, medium or light, etc.Do so via email - you have my email address.