Fast forward a couple months now the work has slowed down dramatically .the main problem now is this last $33,000 draw he hasn’t hardly came at all in the last several weeks virtually non existent other than a couple guys for an hour or two and it’s really starting to get where I’m worried .the Bank approved it each time when there clearly wasn’t enough that could’ve been done on the contract i got one draw left ( I won’t sign yet obviously) I only have about 10 grand left of draw and so now I’m kind of worried because the project can’t be finished on the ten grand that’s left .

For someone that's not as conservative, or a different view on the next recession, they might have a different opinion than me on all of this2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

We just had a huge run in property prices, and for several reasons, I get the feeling that the market is a little frothy. 

My girlfriend's parents have done several fix and flips (her dad is a GC) and would likely help us out, although they do live a few hours away.

I have a rental property here in DFW that had sewer backups several times in a row about 6 months ago. 

Also, the home could have a sale date and go into foreclosure at any given time, or not successfully postpone a known sale date, so you could wait for months only to have the rug pulled out from under you at a moments noticeBack during the recession, i had buyers wait several months on a short sale..

Just have a Texas agent set you up a very broad MLS search or several of them.

I have done it several times as well. 

There's just too much oversupply in the apartment space that will take several years to absorb. 

I give him several dates/times and then that's the end of it - nobody shows up.