The surge in demand for building supplies and the subsequent price increases along with the associated dearth of availability for the skilled trades could lead to further deferral of needed maintenance.... and more.There are just too many variables to consider.

We went and looked at his completed product before it hit the market and decided that we would be interested partnering up with him on a subsequent flip.The three of us found a single family home that was bank owned in Clawson, Michigan and decided to all three purchase the property together.  

It has brand new windows and sliding glass door.

@Andrew Ware What @Brian Cardwell said is true but in addition, the reason for doing it this way in large chunks rather than just making an extra $700 or whatever payment each month is that it pushes you much farther ahead in your payment schedule so that each subsequent normal monthly payment is paying more towards the principal and less in interest. if you just make an extra payment here and there, it helps you pay it off sooner, but doesn't save you very much  in interest.I found the company that teaches this, there is a short video on their home page, the velocity banking section starts at about 19 minutes in. it may be worth watching to understand it a bit more.

I subsequently sent agent my pre-qualify letter and proof of funds, and help negotiate price with intention of getting my name off contract and him solely.

Filing, and the subsequent serving on the other party, often gets things moving.The dollar amounts handled in small claims court are small enough {cut off in NB is 12K}, that it is typically impractical to engage council.

@Nicholas StandfordHello I'm from MICHIGAN and for a standard Vinyl replacement window for standard size window, windows range from $350-450 and opening for Labor and material installed.So for an example I did one of my rentals last year (900sq feet ranch)10 windows and a sliding door wallFor $4800.00 installed.I used one of the top 5 window replacement companies in the metro Detroit area and all the quotes I received were all in the range of $4700 to $6000There's always room to negotiate!

With that being said, I have seen prices continue to slide and will be amazed to see how far they go in another 2 years.

If your child LLCs already have operating agreements, you just draw up a resolution stating that the members have changed (needs to be signed by the previous and subsequent members).  

That's doubly true in a market like Houston, where the higher positions are FAR over priced for the subsequent performance increase they give (you can think of this like stock prices - a stock can be for a great company, but can still get far overpriced relative to it's actual value).Anyway, not to bore you with nerdy stuff.