We decided to move from region and sold shovel ready project with full set of plans, engineered drawings, mechanical, structural, geotech, etc.

Sold shovel ready project with full set of plans, engineered drawings, mechanical, structural, geotech, etc.

We decided to move from region and sold shovel ready project with full set of plans, engineered drawings, mechanical, structural, geotech, etc.

It's a protection mechanism. 

He said that the electrical mechanism has been damaged due to all of the rains, however the alignment is off track due to some kind of "blunt force" to the gate. 

GRM doesn't take into account expenses or the individual mechanical setup of a property.

This isn't to say that you can do lesser quality work--especially when it comes to your mechanicals--but you won't have the pressure to make a sale at the completion of a rental, because it will be appealing to someone looking for somewhere to live for a year or 2 as opposed to having to meet the tastes of someone looking to put their roots down for 30 years or more.In that time, you can learn about drywall, plumbing, electrical, and how much material costs overall, while not having a super pressurized "out" date, or being worried about when to list.Starting with a nice, boring, 3 bed 1 bath rental is my advice for newbies, as you'll learn about what it will take to flip, without having the pressure of a flip over your head, or having your money tied up in.Also, investing by being a lender with someone more experienced than you may give you a good insight without having any pressure at all, and only observing the process while awaiting a check with a return at the end.

If it was a medical or dental bill, for instance, I'd look on it less harshly than if it were damages to a landlord or unpaid auto loans. 

Do you know the age of some of the mechanics such as the roof, HVAC, water heater, etc? 

Umbrella insurance is great because it helps protect you home, auto, and rentals too - for a pretty cheap yearly price.