We'll also be looking for investor-friendly contractors and inspectors who can help us feel confident in pulling the trigger on a distressed property with high-profit upside (please post recommendations below!).

BP has enabled me to invest with confidence in markets that I have never even visited.Good luck to you & your family in your new adventure.

Things get muddier when you start doing transactions on the site, and when you have customer confidence issues.

I am very confident they would like our house but I don't know for sure until they apply for it.

You can use the newfound knowledge to lock it down for yourself with confidence on the next one.

A "private money" loan (I used GroundFloor Finance) can have different terms, such as the 12 month balloon I had, which allowed me to avoid making hefty loan payments during the rehab--but I was confident that we could get the project finished quickly and get it listed, I also knew that there was nothing available in that price range in our local market and I expected it to sell quickly...and it did.

After speaking with Victor I felt more confident about my future plans.

If you do that and then get a couple quotes to fix then at least you'll be confident in what it will cost and try to renegotiate with the seller.

@Daniel Kurkowski - Thanks for the vote of confidence!

I can tell you with pretty high confidence that this property once it's been rehabbed will be a good cash flowing property.