I partnered with a friend who is a contractor, and have just finished our first flip.

I can let you know when I finish reading.

I don't have a strong sense but I have heard that yellow letters to NOD/late payers stopped getting good response rates.

They'll probably pay you rather than have you file a claim, but more likely will work on your behalf to put pressure on the seller.The people involved will probably tell you its too late, but thats because thats the easy way out for them.

Finding good, reliable contractors was difficult, but the good news is they all know each other, so once you find a couple that you know do quality work, show up on time, finish the job, and have competitive prices, they can point you to other people they have worked with in the past.

You'll get some house information and hopefully a good read on the motivation level of the seller and their situation.After they finish talking, I give them a brief overview of the process.

The garage is fully finished and has tile, finished walls and gas/water hookups.

Awesome points guys, I just seeded my company and got 4 private money guys on board, my attorney has one more contract to finish and I am ready to launch!

I’m currently enrolled in my second real estate class, and will be taking my real estate exam when I finish.

It probably needs 5k to finish and it will add more on the price.