Why you want to make sure you are vetting Contractor's and Sub-contractors not only credentials but also their surety bond, liability insurance (which is different from a surety bond), workers compensation insurance.

A good company will also have a network of reliable licensed contractors that can rehab cheap investment properties for you.

Sounds like the Owner may have given notice that the MHP is closing and will be redeveloped into another type of property.

With all due respect...there's not much you can't do with the right contract or addendum.

Price pressure eventually spreads to the cheaper neighborhood, and the price gap closes to 0%-20%.I've seen this general scenario play out many times over the last 30 years in Denver.Once you own several homes in the cheap neighborhood, you can even try to help "tip" the neighborhood toward gentrification by improving or redeveloping your properties.New light rail lines tend to help a neighborhood's values.

You will flush out alot of questions from contractors which will force you to do some more homework decision making about how to build.

. $50,000 cash up front to satisfy his contractor, who is in the middle of rehabbing the property.

I have found a commercailly zoned property that could be redeveloped into something like this.

Then my contractor followed by an inspector.

For those of you who are both Realtors and Investors, when you're negotiating with a home owner, do you use your standard Realtors contract, or do you use a different one?