Hello Everyone,I'm a General Contractor who has developed a great reputation in my area for 11 years now and I started flipping homes about 2 years ago. 

Worked hard, pride of work (sent me photos of his tasks not to inform me of the progress but because he was proud of the job), great attention to detail, could research what he did not know (smart). 

I would caution you on anything Morris.. they are far from reputable from what we have seen on BP just look at some of the threads on what they did to investors in Indy.. is sad  and left many many folks in very bad financial shape and then to top it off took no responsibility at all and try to blame others.. not to mention their idea of investing in low values assets is completely the opposite of how those assets work.. they are just not credible at any level in my mind and personal opinion.. and maybe I am not either but that's my view point

Still--depending on some of these details--$400 should be pretty easy to make up in this market.

Need more details to really give you good recommendations.

@Cody Jensen I just attended a session with Michelle Brady of Equity Trust at my local REIA meetup, and her company seemed reputable and a go-to resource for those interested in using self-directed IRAs to fund their real estate investing.

If you go on loopnet, with a bit of digging around, you should be able to source quite a few offering memorandums which will have relatively detailed breakdowns of expenses.

@Antoine Martel  Yes I always get a detailed quote (parts + labor) from a contractor.

I have attached his suicide note here which details the Ponzi scheme: "Shaun is using investor money to buy and rehab properties owned by his father Jerry.

Recent price reduction of $120K and we got it under contract almost immediately after it was listed at the new lower price.We have done local rent surveys and we think we are competitive.We're still in the Due Diligence phase right now, and are getting: Appraisal, environmental study, HUD statement, utility details, insurance, financing.Anything that you think we should be considering here, either about this deal or about getting into an office building in general?