The description of the unit in the Bylaws will give you a lot of that info.

Generally, the problem can occur due to the photos, marketing, description, or price.

Purchase price: $40,000 Cash invested: $20,000 Address: 2420 County Road 432City: RockdaleState: TXZip Code: 76567County: Milam County Subdivision: J J Acosta Surv AbsLegal Description: A0010 ACOSTA, JUAN JOSE,5.95 ACRESBuilding Sqft.: 952 /Appraisal District Year Built: 2010 /Appraisal DistrictLot Size: 259,182 Sqft.

I've been dealing with real estate investing for more than 50 years and never ever met a broker who did calculations that would tell me whether or not an investment was good.

It was put on the market with one shoddy picture and no real details (except that it would be annoying to show), so I ignored it. 3.5 months later I noticed that the picture changed and so did the description, so I had to jump on it!

I say "may" because the description of the property lists a price for flood insurance (which I suspect is low) however I am still awaiting confirmation from listing agent. 

Write a description of what you have already done to verify that there is acceptable heat.

I still haven't met a contractor better than me, well maybe more experienced and skilled, but flipping is a time/money beast.

Please be sure to read the Ultimate Beginner's Guide to Real Estate Investing by Brandon Turner as it gives an overview about fundamentals of investing and the description of different strategies, such as flips, buy and hold, subject to, etc.

I joined the SoCT REIA and met a lot of really nice people and made some good connections.