The gist of what they do is, they go into business with a seller to attempt to sell the property they are trying to discharge, and they get the seller the money they ask and anything in excess of that price, belongs to them.

Then by the time there was capital there was no longer an employee market from tech to support this outlayer project (think Inland Empire to Los Angeles comparison).Three major Bay area submarkets would have supported this (not to mention Santa Clarita) and not one lender would touch this based on the state of the tech industry, alone.We were lucky to flip out of the project to a substantial home builder who had excess capital capacity.The entire region is heavily dependent on the technology industry. 

Some VA's have specialties and it may work out in your favor to hire one that already has experience in the areas that you are seeking, to avoid excessive time spent with training.

Right now my business has an appetite for distressed properties and potential fix/flip rehabs.  

Many local banks that I deal with did not have the appetite for a loan in hospitality.  

These types of materials fraud can be minor or become quite excessive making plenty of renovation projects over budgeted and expensive.  

Higher interest rates and a looming recession are putting a damper on deal appetite which will likely last through the first half of the next year.

The recent slowdown in imports has also helped major retailers including Walmart, Target, and Costco clear the excess inventories they accumulated last year.

The price to remediate could be very expensive-far in excess of the homes ARV.

In the contract we signed with the property management company when we first started using them there was a clause that said:"Expenditures for repairs, alterations, decorations or furnishings in excess of Three HundredDollars ($300.00) shall not be made without prior written consent of owner, except in thecase of emergency, or if agent in good faith determines that such expenditures arenecessary to protect the property from damage, to prevent injury to persons or loss of life,or to maintain services to tenants."