Those numbers seem off.2) Your start-to-finish timeline varies from 12 to 68 months?  

What you get to learn later at 75% completion is that you may need to dip in to Z$ to finish it. :) Next time hard bid (including X+Y), written "not to exceed" but it will exceed sometimes, at which point you have penalties, cost of materials only, labor rate at cost, other measures.

I sure would like to hear about them.I have had a couple of interesting ones but luckily they were resolved simpler and faster... on one of our fix and flips we got a squatter who moved into our house after we finished the remodel with her friends, when we found out we called the cops and when these showed up, we took out our Grant Deed only to be countered with a Deed recorded for real by which the squatter transferred the property from her to her... yes, she deeded the property to herself... luckily the cops in this case just told her to move out or they would take them all to jail, they did take off and never came back, when we sold the property the title company just removed that deed...

Nevertheless I would like to start out before I am finished with my phd and thus I am currently looking into financing options.

It is not uncommon for those loans to have broken chains of assignment making finishing foreclosure pretty difficult.

I'm an experienced hands on carpenter/rehabber, so much of the finishing construction can be done by me.

. : )From a brokerage standpoint as a principal broker I want the highest return of my time just like an investor wants the highest return.When calculating the odds of closing a straightforward deal has much more chances to get across the finish line.

I just finished and passed my real estate class just have to take exam and I don't remember every hearing that a seller can just up and cancel just because they feel like it.

I was actually advised, when I attain more than 5-6 properties or more, I should then start buying under my own entity.

I recently discovered bigger pockets and have devoured almost all the podcasts from start to finish.