You can't skimp here, or these numbers can start to look very different.

Liability is the one area of insurance that I would never recommend someone skimp on.

@Devin Haertling Let me tell you something.When the owner acts like this, feel free to assume that they treated their property the same way they are trying to skimp on commissions.

I'm not saying you are a slumlord but when you skimp on repairs before you know it your property becomes something an investor would buy for pennies on the dollar.

2) Also, how do I make sure that the builder doesn't skimp out of quality and finishings once he gets an offer locked up? 

That being said it may take me 2+ more years to just get an associates if I continue to skimp by as it is.

And there are good deals and bad deals today.If you have sound buying fundamentals, -- buy at a wholesale price-- never speculate-- create appreciation through value-add improvements-- buy for cash flow-- obtain favorable financing terms-- stick to workforce housing areas-- don't skimp on due diligence-- stress your underwriting-- have multiple exit strategies.If you think you're limited on deals & capital.. you will be.. regardless of what's happening in the marketplace.

Don't skimp on repairs.

The most important thing is the photography and staging, don't skimp on that step.

I would never trust a vendor if I'm on the buying side to a commercial deal; never skimp on due diligence.