Long time listener of the podcast.

Purchase price: $93,750 Cash invested: $70,312 Purchased 2-1/2 acres of raw land with the hope of one day building a home on it.

Connections, luck... contractor at the time was problematic and not delivering which gave me the opportunity to out perform.

What are the best strategies you’ve used to minimize this risk and keep projects on track? 

I have found the sweet spot to be $150K-200K. 

If the tenant makes sense, the rent is there, and it all works for the particular property, I'll go with S8.But I'm not the type to turn down a well qualified cash paying tenant simply because I only want S8.

Profit split (20–50% if the deal does well).

What is the best way to find and approach people who are not necessarily selling at the moment and make them consider a sale?

I managed it with spreadsheets and notepad on my phone only and used no accounting software the most part.Would you guys find more use in a service that replaces hands quickly or just having an app on your phone and computer to manage your flip projects that's visually appealing and easy to scale with?

Why did the previous owner sell it for only $85,000?