Let's say ARV is $300k, and sale costs are combined 8% so $276k net sale, that puts you at 80% of the total cost, it gives you a ton of margin for errors and mistakes that I would almost promise you will happen in a project like this. 

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

Pretty typical rookie mistake from what I've learned since then.

There are so many ways to make a mistake during the process and so many ways to leave money you’re owed on the table, especially with loss of income claims.

Learn from the mistakes but there will never be all the information to make a 100% risk free decision.

Mistaking gap lenders for HMLs.

I have found that that is a mistake that a lot of new investors make.  

Building relationships and learning from others can help avoid costly mistakes and ensure the property will cash flow or break even in worst-case scenarios.Good luck!

You are making one of many mistakes.

When we partnered, I had already made all the mistakes and he avoided them from my experience.Gino