So my partner and I finally get our offer accepted and move to the due diligence phase.

Just kidding… Seems like we have beat this one into the ground… I give...

The "Planning Phase" is definitely a mindset that can be broken.

While one may only be proposing to fix a couple of broken tiles you can see from the ground the other may have found more issues and may be proposing to do more work than the other.

Minna,When there is a full bathroom on the ground floor the property might be changed so that there is also a bedroom.

Yes, perfectionist, but my rule is, if I can save a buck, and have the same exact end result, and the only risk is fines, and I can validate as such from my past experience, I will risk it. 20 homes later, 1 ground up, 5 jobs since I was 16 in labor, Im confident enough to go with what I have gone with the past 17 years.

Or get a mobile hot dog stand and sling ground up cow and pig lips for a living…Sorry, did I go too far with the cow and pig lips?

I have a downstaris condo on the ground flooe and there are condos above me and on both sides of me.

Of course nothing can replace actual "boots on the ground" experience.

To my knowledge my father did nothing but provide the funding and the friend built the place from the ground up and has done all property management since (about 25 years and counting).