Also, make sure you are aware of all the risks that are associated with the marketplace you are about to invest in.

I approached him with my interest in the topic and he shared some info and also asked if I may want to be a gap lender (or other avenue of lending) for some of his deals.I thought it all sounded good and am now preparing for my first deal with him.I am primarily concerned with my risk in this deal.

This is simple question for a good agent that has access to all of your policies/risks to answer.

There can also be some market risk - I've seen several experienced flippers get hurt badly even when the market just hiccups let alone takes a real downturn.

@Layton Wyatt there are several software options that are free for landlords, but be forewarned, they make their money by charging your tenants.We know one that charges tenants $3.95 to pay online! 

This is a tough one that I have been trying to figure out for several months now!

Mold not only damages your property but can also pose serious health risks, especially if it's black mold.As for the quote you received, $5,500 sounds a bit higher for the remediation of two basements, even with labor and materials included.

Lots of idiots out there and want to reduce the risks to the structure close to where the gas grill is.  

Setting clear investment criteria, such as the types of properties you're interested in, where you want to invest, your budget, expected returns, and how much risk you're willing to take on, is key.In order to be financially prepared, it's important to save for a down payment, establish an emergency fund, work on boosting your credit score, and look into different financing options.

I wholesaled deals to get large cash infusions in a short amount of time to fund large buy/hold opportunities, or liquidated because I saw new risk on the horizon that may diminish future returns.The question I ask on every deal I'm considering, and the funds I have to work with, is: "what do I want my money to do and when do I need it to happen by?"