We are in the Seattle market, so reality is that demand so significantly outweighs supply that on new construction you aren't really at risk of not selling, its more for at what price per sq ft it will end up selling for.But one mechanism build in is that there is a $100k buffer where he will hold at least $50k of his build fee until after house is sold.

Richard Advani with Guaranteed Rate is not only one of the best lenders and strategists I know, but he and his wife are also investors owning 22 units.  

In the past with one house, I paid a contractor who I had a good relationship with $100 for his time to come with me during a showing to give me some rough estimates. 

Wholesalers do not have a legal fiduciary duty to buyers to disclose all or even correct data to buyers so a lot of the information that you will need to obtain about a property will be your responsibility.

Thank you all very much for your time and responses - I am definitely smarter on this topic!

Thank you for the extremely detailed and informative response. 

He's still able to commute to his job in DC (the drive is actually a bit shorter now!)

And thank you for the tip!

Please give me any tips or advice. 

Hello BiggerPockets,I have a seller who is open to selling me his home subject-to.