I am willing to wager an investor jumped into the project with private or hard money based on a very specific scope of work, and stumbled across a major issue with the septic tank or some other fundamental system.

For hazardous waste removal and other junk fees.My rule of thumb these days is to allow -20% profit on a major systems job (roofing, AC replacement)-$2-$2.25 per sq ft of fooring (Tile Hardwood)-$175per day/$25 hour/ per man for painting and handyman workI guess if a plumber can get $500 an hour then more power to him, but hes not getting that from me.And I can relate to your plumber story.

Check are they really a student and do they have a major that is going to take some time out of their life to study.

Him getting the mortgage is not just an "only" that's pretty major.4)You couldn't "re"finance if you weren't on the loan.

Keep the eviction process going and advise them that your attorney will charge them civilly, and potential criminally for writing a fraudulent check is a major crime.

I have been doing so since the 1960s and he long before that.No, home appreciation does not come close to the return we get on our investments.I believe appreciation assumption is a major flaw to most real estate considerations.

Of course, we have just had a major storm.

Then remember that of your 10% offers accepted, the majority of those you won't want to close on.

This is the majority use concept of debt, frankly.Taking $100k and spreading it into 5 assets diversifies your risk of non-performance.

Definitely do any major foundation work that requires lifting the house before doing anything else.