I don't think you need to tell your clients you can't represent them, just prepare them that this will be a more difficult one and they may end up not getting the house.

Incompetent' would include the tradespeople who I pay good money to but still have to constantly follow around to ensure the work is done correctly.And 'evil' would include a much broader class of people who attempt to get over on me in various dishonest or amoral ways.

Some skills can be learned easily from others, while some skills are difficult to obtain without a more rigid educational program.It's important to understand where you want to go in life and then build the skills necessary to get there.

HURRY BILL, HELPOn a more serious note, Bill, I am truly interested in ANY and ALL evidence and research you have that points to this closing strategy being fraud.

If you still have a nagging feeling, how about:- Getting another local investor to check your numbers and give their feedback;- Get it inspected;- Get it appraised;- Get an agent to give you a BPO and feedback on the location, economic rents, ARV, etc;- Get a GC to give you a rehab estimate and to do a more thorough inspectionOnce those things are completed, you should have a good idea of whether you missed anything.

These are great options for construction and rehab deals where you're into the property for a few months and then working on stabilization or a sale, but you'll always want to take a HML out with a more conventional type loan.Hope that helps.

These ideas of control are reuired to establish and maintain a moral society.

I wrote out a more detail post which was erased so I'll just ask.Please tell me who you use as your SDIRA administrator?

What would you suggest, Don, as a more forgiving way to start?

The net result is that we have a more stable economy and also a net lower long-term growth rate.I am very much in favor of a laissez-faire approach to the economy and have no problem with accepting more volativility in exchange for higher long term growth.