With so many local investors responding to this post, maybe we should do a BiggerPockets Meet Up here in Daytona. 

I always knew this was a common problem in the real estate space and I was always curious as to what was the underlying issue.

Please give me feedback as this doesn't quite fit into typical calculators and I'm not confident with my current calculations.I have signed an off-market Agreement of Sale (executory contract) on a property in the Phoenix suburbs. 

This has been discussed on here before.

The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late. 

The inspector told me there is a new smoke detector requirement for Section 8 homes coming January 1:https://www.congress.gov/bill/117th-congress/house-bill/7981...https://www.us-hc.com/blogs/new-smoke-detector-requirement-f...Has anyone heard of this? 

I was so excited to attend the BPcon24 in Cancun this year.

I was so excited to attend the BPcon24 in Cancun this year.

I was so excited to attend the BPcon24 in Cancun this year.

I was so excited to attend the BPcon24 in Cancun this year.