This factoring includes the presence of competent contractors who can limit unforeseen surprises and costs.Myth 2: They're Too Risky to Invest InThere is risk in any investment; however, distressed properties are not inherently riskier than any other real estate investment.

We are not the right choice for everyone, but we do help hundreds of investors every year start and progress their investing goals.

Looking for some guidance on resources of how to begin analysis or how to build a business of this sort.

:) If nothing else, have any of the responses helped you decide what you want to do?

Instead of losing 55k they will probably only end up losing $25,000 - $30,000 What made you interested in investing in this type of deal?

He even chatted with me through this forum (Bigger Pockets) and was very encouraging that you can even do it just with free stuff out there.  

Your help is appreciated!

With that being said, what do you plan on doing different this year in your business?

Determine what type of property you want to buy - What Zip code, what condition homes, price range, etc.Contact 3-4 realtors that helped buyer agent buy the type of homes you are looking to buy.Then go with the 1 realtor that you connected with the most.

I'm a pretty handy guy but this would be outside of my realm, but my experience helps me understand how much this type of improvement should cost.Improvements: remodel kitchen and bathroom, paint interior, fix exterior scafolding.How should I go about finding a contractor?