This option seems to carry more risk, or at least effort.

Look at the contractor's own contracts, if he or she does not have their own contracts then they are not truly serious about their business and is a red flag to me.If you do want to take the risk of using a cheap general contractor or using cheap subcontractors then I would develop your own master agreement for your contractors and have them sign it in order to let them know what the standard is.

Well, there are a few different ways to do this, with each way being a better fit depending on multiple variables such as risk tolerance, available time to run a project, the interest in running the project, and emotional grit.

(what I mean by this is that the tax return only reflects the tax planning done during/the end of the year- which is a true value-add).That being said, you want to make sure it's prepared correctly (because a mistake can cost you lots of money- either in lost tax savings, or penalties).If you sincerely believe you can do it, you understand the risks, your situation isn't too complicated, and you are willing to put in all the time, then go for it.What you SHOULD be happy to pay an accountant for is tax planning and strategies.

I build vacancies into my expences and will rely on that ahead of increasing my risks. 

Now, many sellers are and will be totally unreasonable, so you have to get ready for them to be stupid when it comes to needing the zone change in place by you for you to close.You are the developer, you have to be more disciplined then the sellers, it's not their risk if you close now, and the zone change fails.

You keep any difference.Transactional loans like this are considered almost risk-free to your lender since there would be instructions stating that you cannot buy the property until your buyer's lender has funded their side of the purchase, and presumably won't pull out within that few minute to few hour interim.Taking any longer than a day for you to sell your purchase to C is no longer risk-free since there is time for C's lender to pull out.

Aaron McCarty if you look at the formulas/metrics in isolation then the numbers don’t mean much.The formulas/numbers is all relative, especially as everyone/business has different goals and risk tolerance.Compare the results to the alternative, example: compare the historical stock market return on blue chips to an A class area.

Very high risk in a sellers market.

However there is only 10 days or so left and I'm trying to mitigate risk and not start a legal battle if all will just be well at the 30 day mark.My question pertains to the back tenant and the deposit i already have on hand from the sellers and if i can use it to pay the back tenant deposit back.... they haven't responded yet but i asked the renter if they used their deposit for last months rent from previous owner...