You make a valid point and I did think about getting an additional bid but 1) we have a good long history with this guy and he's always been very fair, 2) the hole in the kitchen floor constituted an emergency in my book and 3) with the tornadoes, finding new contractors is a real problem right now.

I'm in the closing process right now but I have my contractor ready to go as soon as the papers are signed.

But if the value is there for you to re-sell with no or minimal rehab, it can sometimes be cleaner to agree to buy it for the loan value and assign or double close on your contract. Or

Q2) In the fact sheet given by the seller they listed the property as having a 17% ROI and the estimated rehab cost is $100,000 (this is from the seller's contractor).

Shahriar Kiamanesh I think flipping condos are a little more risky then single family homes due to the reasons you mentioned such as HOA carrying costs and possibly working with contractors that the complex approves only.

I would of course have my own contractor and inspector go through.9.

Thanks, WendellJon- A contractor provided me estimate but I am thinking about requesting a second opinion.

Find out which contractors are doing the work

We are gathering a list of contractors and skilled laborers to use.We made our first offer on a rental property on Monday and negotiations seem to be going well.

as a sub contractor on a very large multifamily project in the Burbank area.