Some get burned and some hit the jackpot.

We hit one snag so far, when we turned on the water we discovered water pouring into the garage from the bathroom above.

Jon is spot on, there will be disagreements and you must have an efficient way to handle them quickly.Whatever you do, do not assign each of you titles like Executive, Judicial and Legislative duties.

Thank you so much for the advice proided so far, you all are right it is so easy to just walk away... on I shall push until I hit the aha!

There are some markets out there that took huge hits and will likely make very strong recoveries, while others that took big hits may remain low for the near future.

I re-read your reasons "payment plan" was in there and it hit me.

I can just insure for what it would take to pay off the loan (and a little more) provided I'm within their square footage limits.Basically, I was getting hit from State Farm to insure my rentals up to what it would actually cost to rebuild.

Hard money sites are out there they just arent very good in my opinion and thats why hard money lenders can really charge crazy high rates because the market place has not been able to fill the gaps or affect efficiency to the market place of hard money lending like the stock market has to trading shares of companies.

I know it might be hard to find deals with cap rates in the high teens but I dont even get interested in income property till the cap rate hits about 20%.

I have no intentions on doing anything, I'm only asking to learn and know for the future.A fully fresh rehabbed property just came up on the MLS, new stainless energy efficient appliances, carpet, paint, floors, heating system, ect..Now, my questions are as followed.1) Seeming how all the work is pretty much done, is their any leverage in brining the price down or is it even worth to look at it in order to FLIP it?