I have it under contract for $150k + Closing Cost($5-7k)[not big fan of the closing cost] so far I have no hard money invested.During our due diligence we found a lot of moisture damage to the flooring due some leaky sinks and water heater and I personally think neglected maintenance.

Always do your own due diligence (ARV, Rehab Cost, Holding cost, market analysis, Purchase price...)2.build your team of to go people, and investigate their track record3.Don't listen to naysayers, and believe me there are so many out there4. build contingency in your rehab numbers5. never be afraid of jumping in and do it6.

I'm gonna really be doing my due diligence to make sure were ready to offer top notch service to any clients we work with, but just want to speed up the learning curve as much as possible with any expert guidance.God Bless!

I've learned a lot over the past couple of years in terms of providers, what to look for/not to look for, how to do proper due diligence, etc.

There are too many cons out there taking advantage of investors that do not do their due diligence.

Make sure to do proper due diligence on the syndicator and acquire testimonials from current/prior investors.The strategy - Does the overall real estate strategy make sense? 

I've been doing my due diligence   for almost  2 months now, closing in on hopefully a decent deal in early  June for   my 1st rental as well, in Houston area. 

They must know your goals, understand them, and be diligent with completing on time and following your desires.One of the most important things to do on a Fix and Flip is to have a complete scope of work needed and bid out by the professional sub-contractors with protective insurance to keep you out of related lawsuits. 

Just make sure you do proper due diligence which ever city you choose.

I suggest your due diligence includes a visit to the area, meet those you are considering working with, and tour neighborhoods and their rehabs.