However, one thing I would add is that, when vetting a Sponsor/deal, their acknowledgement and analysis of a "bad" situation is certainly welcome.For example, a sensitivity analysis that supports say a 2-3% return even if occupancy and rents don't come anywhere near projections, is still relatively attractive given potential returns on other investment vehicles.If a Sponsor you're considering is all rainbows and sunshine, I would take that as a red flag and move on.

If your property can't comfortably support all the expenses associated with a flip, you're overpaying.

Not the kind of people I would want to do business with.    

I love interviews with people like this that have been doing this kind of thing for longer than podcasts have been around because I think there's a lot to be learned from their experience.Vino at one point said that a rule of thumb they followed was that the cap rate of the property they were buying had to be 3%+ above what they were paying for financing.

@Tracie Van I never had to make an entry like that but I have found that the QB Online support and the community forum Q&A is fairly resourceful.

However, I came to the harsh reality that its a very competitive market for those kind of properties.

Because the service animal is not actually living with the person who it is intended for, I was making my comments under the assumption this was more likely a "emotional support animal."

The plumbing for that tub should be on the other side, with an easy access panel right there at the base of your 1st photo.As for the hinges you could drill a small screw into the hinge pin and then strip the head so it can't be removed, but that is not the kind of answer you want on a new construction home.

I suppose if I had met you and you were willing to put 10 months into irrevocable escrow, paid out to me each month (plus I would collect first/last/deposit), I might consider it, kind of along the way we will sometimes allow college student parents to pre-pay for their kids that they've co-signed for in a unit, if we had a unit that was proving difficult to move.

I'm leaning towards class C but I was curious about what kind of tenants I would be dealing with and how difficult it is to find tenants in areas that are a bit higher in crime but not completely terrible.