The plan with this property was to make some significant common area improvements (roofs, exterior paint, resurface the pool, add an outdoor kitchen, outdoor TV, redecorate the clubhouse, completely renovate the fitness center, and upgrade the landscaping.

@Patrick FlanaganMy biggest mistakes have been undertaking massive renovations and not having the cash reserves lined up to get all the way through.

I thought making my first post on BiggerPockets, about the struggle and understanding how to correctly set up, structure and arrange the proper business entity necessary to undertake real estate wholesaling transactions virtually within the United States, while currently living abroad.As, the Covid-19 Catastrophe has made me reassess lifes’ purpose, helped me re-enroll into University to finish my degree in Business Administration, laid out a new career path for me and pushed me forward to do things differently I would be thankful for all the sound advice that can be given.

It can be a big undertaking, although there can be profit in it IF the numbers are right and IF you have done your homework to know what you are getting into (both big “IFs”).

Doing an out of area flip is a notoriously difficult undertaking. 

The difference between a nice experience and a crap sandwich has to do with knowing the level of risk you are about to undertake.

We are looking for something that does not require internet if possible as we've learned that adding internet to this old limestone building will be a big undertaking.

Why waste time and energy and undertake risk for 105% return when you can get 102% by essentially doing nothing? 

Trying to find an agent that responds well has been a huge undertaking.

In that time I've gotten it conditionally rezoned (big undertaking) with the city.