I am a recently new member to biggerpockets also I am a new RE wholesaler investor that has just opened the doors to my own REI company Wilson Property Solutions.

If any question remains open about a property before a contingency expiration date then that question needs to get answered, or if there is a problem a solution to the problem needs to be found before the contingency expires.

I know the obvious solution would be to be an owner occupant, but for this discussion let's assume that's out of the question.

Together as business partners we may have a solution for this or if you would like I could present you a investment opportunity in the future.

The home may need a roof, foundation work, new sheetrock inside, needs new flooring, paint, possible termites or old termite damage, huge expensive trees cut down...I want to bid 40k.

@Tim Toney just like the saying is, The best time to plant a tree was years ago, the next best time is today.

Once again I thank any member in the know who takes the time out of their most certainly busy lives to educate another who is not.Sincerely, Dan Dwyer Wilson Property Solutions

Vacation rentals were a solution to riding out the crash without falling into financial hardship/short sale/foreclosure.

So, if you can spend $1000 on a mini solution, and add $2000 in value or you can spend $5000 on a maxi solution and add only $7000 in value, just spend the $1000.It is really, really, really easy to overspend on a flip. 

Here we also have to watch out for protected trees.