My issue with this is after spending the money to do the title search but when i go to the auction that house is no longer available, didn't I just waste my money or is this just part of risk of doing business? 

If I'm not working hard towards a goal I feel like I'm wasting the gifts I have been given, and tend to get bored and do stupid or self-destructive things (like sit on the couch eating ice cream and brownies while watching 'Top 10 Movies That....' videos on YouTube.)Thanks again everyone, your time and input are appreciated! 

.- Vacancy you have loaded is one month per year.

require a proper heat load calculation from the contractor you go with.

If I am just some flaky wanna-be investor that never buys anything, I never waste my agents time looking on a property that I have not vetted.

We found a young aggressive loan officer who saw our vision and sees he can make a boat load of commission off of us.

I would waste more time looking for someone , its faster for me to jump right in . 

It will also mean that my ROE should be greater than 28% with a B/E of under 5 years.It is a project for sure, but assuming I get the load right with construction cost built in it looks like a good project. 

It’s one thing to go with low cap rates, but if they don’t really make money it’s a waste of time.

Well worth it in the long run to ensure you don't end up stuck in a deal that doesn't work, or even just to avoid wasting 2-3 weeks in waiting and contingency periods on a property that you won't buy.