Financially you come out ahead virtually every time if you buy a car once and drive it into the ground.

Also reading Rich Dad, Poor Dad threw a wrench in my though process and i've been so eager to soak up all the knowledge and wisdom I can to get ahead! 

It really depends on your relationship with the contractor and what each of you prefers...If this is a contractor you've never worked with before, NEVER pay ahead of work being completed.

I will seriously consider the drywall as well as revisit some comps in the area.Also, out of curiosity I went ahead and posted the house on craigslist offering it to other investors at 58k (I totally made this number up).

I will go ahead and bare my own strategy:This is assuming the purchase price of the home is between $80k-150k...If the rehab takes 1-2 weeks we look for a $20k+If the rehab takes 2-4 weeks we look for a $30k+If the rehab takes 4 weeks+ we look for a $40k+I know this is probably a very strange strategy, but it works well for our business model.

If X is a certain amount greater than all of the risks involved, then you would go ahead and execute the plan.

We have sold hundreds of them over the years to get ahead and set up a legacy for our grand kids and future generations.

It stands to reason if they have some deals to sell or flip, they are ahead of the crowd at the meeting.

We have some more pain ahead IMHO.

Should I be concerned with this, or just go ahead with inspection as planned?