I recommend a great book by Howard Marks called Mastering the Market Cycle - Getting the Odds on Your Side.  

Simply ensure you are buying a deal that has equity built in day one, you have a plan to execute and the experience to pull it off.

Among other things, it takes experience, expertise, diligent planning, project management skills, timely execution, access to capital, perseverance, proper market timing and a little luck to consistently make money on flips.

All deals basically need three things: the deal itself, the financing, and the execution.  

It has now been more than a year since Governor Murphy signed an executive order stopping evictions in New Jersey​, until two months after the expiration of the covid state of emergency.

Once the offer is accepted it’s about executing the flip as smoothly and efficiently as possible.

And, remind your PM that you're running a business - and that each tenant who is behind on rent due to the pandemic needs to have that agreement executed so that repayment is expected.Hope this helps.

@Howard MontaqueAre you in the fast appreciating market?

Default if your settlement date was Friday, and a termination was not served due to hoa contingency.Agent is more than likely owed the full commission at this point regardless of if you close or not, he or she is the procuring cause and the contract was executed.  

They realize they are about to put their life savings into one property and it will take years to get money back out to buy a second, third, etc... while that may be true you what they don’t point out is a low risk return can sometimes equate to a higher return.When you add debt pay down, appreciation, and cash flow you can be anywhere from 5-25% returns depending on variables and execution.