You DO NOT want to miss the deep dive where Michael shares how he and his partners made $10M in profit using a combination of BRRRR, syndication techniques, private money, and prudent decision-making.

@Adonna Pruette & we turned a closet into a half bath.On another we turned a deep useless closet & adjoining mudroom into a new kitchen.

Long story short the buyer’s property sold for list price, the buyer didn’t even see my offer because of his smug agent and too boot the sellers agent just happened to have a buyer of his own (Double commission for the sellers agent)TL:DR the sellers lost an offer with a guy with deep pockets willing to go almost $80k over ask because of his smug, and maybe a little racist, agent (mind you this property would still cashflow at my inflated offer price.)

depends on your risk tolaerance.. we never went deep on title.. and it bit us once with a mortgage that was released but wells fargo sued us saying it was done inadvertanly so it was a problem we had to deal with.. lawyer fee's etc.. i think we only lost 20k or so but that is on one deal when 100s went fine.. so to me just cost of doing busienss if you have one bummer.but if its the majority of your liquidity I could see you wanting to be careful.. and frankly for most they should not risk foreclosures at all.. first off the deals simply are not that great anymore..

This discussion will probably go pretty deep so I will quickly tell you what I generally do.I ask 3% option consideration.

I have each tenant pay for move out cleaning up front so they can leave without deep cleaning the unit. 

Terrible rental property, will be deep into negative cash flow.

I am new to real estate investing and I have been deep diving into the biggerpockets webinars to learn all that I can. 

I would add that you really need to get a deep understanding of rent's in your area. 

Selling several and buying several is the deep end of the 1031 pool.