Mitigate risk of investing by education, knowledge of your market, and how to source good deals.

Same builder, same house, in same neighborhood for example could back to a busy main street in the entrance of the neighborhood, could face West where people prefer East facing, be the house that everyone drives by and lights shine in the front windows when you enter the neighborhood, could back to power lines in the back of the neighborhood, could be next to the community pool, could be on a corner with a bigger lot, and a host of other factors go into pricing....not just size.The 3 main sources that most sellers use for size are tax roll, appraiser, or builder's plan. 

There are less free lunches but if you know how to cook the food has never been better.

I have started doing research on what would be needed to turn a building like this into an assisted living facility, but haven't yet been able to find a solid source for information yet.  

The bunnies will need food and water or someone will report you- call animal control the day after the eviction maybe they can re-home them.

I’d pursue other sources of business.

It is difficult to estimate the repairs even before buying the property but you get better with experience and you can hire a contractor to help you in the beginning or get help from other investors.How did the 70% rule work for us in Sudbury:70% x $850,000 - $250,000 = $345,000 MAO (Maximum Allowable offer)Since the seller was asking for $325,000 we submitted an offer for that amount and got it accepted.Tip 1: Agents are a great source of deals for properties that need work.

If you are unable to be approved for loans through these institutions, I would start reaching out to private lenders who might be interested or sourcing properties where owners might be interested in seller financing.Lastly, don't dismiss local banks and credit unions without speaking to all of the ones in your area.

I have a few questions...Where are you sourcing the portable storage units?

Marketing and getting off-market motivated sellers.Quality Cash buyers listLead sources for WholesalingListsourcePopstreamREI List BrokerHow to estimate Rehab cost.$10 per ft= light renovations$20 per ft= medium renovation$30 per ft= Heavy RenovationsWhat is an A-B contract?