More and more investors are choosing this delivery method in our markets as they typically get the biggest bang for their buck this way and virtually eliminate they need for any change orders which can get out of hand without and good well defined scope of work and complete set of construction documents.One recommendation that I can make without hesitation is to be certain that you use only DC experienced and licensed general contractors when you bid it out, as I have seen lots of developers/investors get delayed due to regulatory issues associated with stop work orders and the like because a lot of contractors don't know the process and the system in DC.

I think "Hardening" your property is one of the best and easiest ways to trim expenses.

I don't know if you've read any of the Peter Conti & David Finkel's books on the subject but they instruct you to employ the same method the man in the comment aboved advised you to.

If you apply an effort to learn the things critical to your preferred method of investing, you will know as much as you need to get started in a MUCH shorter amount of time.

Providing advice based on old methods is dangerous now as we are now talking about violations of federal law.Contract for Deeds BTW, as they use to be with a quit claim deed has new issues as well as such as a security agreement is now seen as circumventing foreclosure laws an can land a seller in court for an unlawful foreclosure.So, much has changed in just a a couple years with financing arrangements of any kind, most of the old ways are out the window an we need to take care in what is advised.But, you're right, you nee to fin the seller's needs an address those to make a deal work

If you comped using income method, what kind of premium did you assign for it being new construction?

Unless they can find a cost-effective and reliable method to provide broadband, the old cable and phone conglomerates are going to eat their lunch.

I see the benefits and how private money is used for financing flips, but I do not understand how I can utilize such methods for a rental.

I guess this company brought it to the area when they had a client whose line ran under a garage and it would have cost $20,000 + to do it in a traditional method.

Just stick to methods that are proven to work/collective advice from more experienced investors and you should be okay.