Lot slopes and trees can mess up your day as well as soil quality and proximity to waterways.3) Permits and what order those permits are required4) Budgets - the more accurate you can be before you spend, the less hair you will pull out.5) Financing schedule - getting the money isn't so hard as spending it properly.

It was an iffy property that barely met my standards, but I wanted to make a deal (it'd been a 9 month dry spell).

the money dried up.

It has to be kept dry.

I don't have any recomendations for books, but can provide the following from previous experience: look into highest and best use, check with zoning on number of units per land size, get a soils report, geo report, check with fire department on number of fire hydrants needed and make sure to have existing pressures tested to confirm new hydrants will have proper pressure, and of course speak with zoning/planning.

I inherited tenants 6 months ago, and finally the lease ended and they are out.Along the way, the tenants refused to pay an extra fee for a pet they were keeping, didn't pay the last month rent, left a hole in the dry wall form a kick or punch, vacated the apartment two days late and left a mess.

It's like when the when termite guys replace a piece a 6' of baseboard molding and charge $250.00.Find out if you have any mold or other serious water damage by knocking down the damaged dry wall.

Of course the padding and carpet have absorbed it, but on pressing dry towels to it, I am pulling some moisture out.Do I let that air dry, put a fan on it, aim a space heater at it, pull the carpet and pad back, what?

Darren I saw buyers trying to do these types of deals about 2 years ago.A few happened but then the money dried up or what I have seen happen is the DPA wants to roll in points for borrowing the money and the senior lender on the deal balks and says "now way will we allow that to happen or approve it".I haven't seen one of these go through in years.So I do think it is not feasible at this time.I am talking about commercial real estate not residential.I can tell you that you can find PLENTY of websites out there claiming to be lenders offering all kinds of crazy financing scenarious to fund loans.1.If they want any fees but at closing DO NOT do the deal.2.Do not put up a bunch of earnest money using one of these types of exotic lenders to only have your finance period pass because the lender is dragging you along and then you lose your earnest money or get into a legal battle withe the seller.If you have no money try to wholesale and build up capital first.

Rehabs are pretty much drying up in my area even though I do not do them and I am seeing bank foreclosures drop more carpet and paint now from the olden days to land that owner occupant instead of the investor flipper or buy and hold rental landlord.