Considering the extensive rehab, there seems to be potential for a lot of unknowns during the rehab that would eat into my profits or wipe them out entirely (like major unexpected repair items, overages in current budget, or increased holding costs as my renovation scope expanded or progress gets delayed...which is bound to happen at some level).

I'm not sure what your time horizon is, but I rented out my first house 10 years ago and have 8 now and am happy with my progress.

Afternoon fellow BP investors, I recently found a property out of state and wanted to know how did you handle GC when you're not physically about to see the progress or lack there of? 

That seems to be where the path of progress is going (from Denver out to the airport).

Looking forward to future progress updates!

I went through my car insurance company Progressive.

"Never discourage anyone who continually makes progress, no matter how slow" - PLATOThat said, the cost of procrastination can be much greater than the fear of failure, both emotionally and financially. 

Regards,JevanHi Jevan - Working with a couple developers to build them a custom cloud based software program to track deals, monitor progress, store deal documents and build custom dashboards to process information. 

@Lisa Koff if you were in Chicago my husband offers mentorships but he likes doing them in person so he can show the person real flips and new construction in progress from beginning to end.

Second, has anyone ever instituted a progressing late payment penalty?