Just like with new construction where builders are passing costs on to the buyers if you are flipping and you you purchased right in this market you hopefully will have an ARV to absorb the costs. 

So we don't run credit unless they pass the pre-screen and we can easily verify the basic stuff first. 

We also believe in investing in broad based, low cost index funds like to total stock market (VTSAK) fund, and dollar cost averaging vs jumping in and out the market when individual stocks dip or rally.Sorry, I know it's more than you asked but I'm never pass up on a chance to introduce folks to the concept of FIRE!

Besides the fact none of their work passed inspection.

The $75K loss shifts to the warehouse that has been rezoned and approved to become 14 apartments in a TOD zone.Is this located in an enterprise zone or an entertainment zone?

When you're cash flowing $150/monthly per door but can get $2000 rental fee for leasing your own unit that's 12 months of cash flow upfront you could be passing up on. 

The mother passed away a few years ago and the one brother now holds title to the property.

Yes, it's very risky indeed and we didn't really want to entertain those whom does not even request a showing.

@Paul Sandhu, I'll pass on those calendars, but thanks for the offer. 

After you pass that law the next step is the government should own all the property.