If they haven't already, ask both of them to provide a detailed scope of work and then compare pricing based on the scope they provide.

If you do something that is too high end or bold compared to what is available in the neighborhood, the exit could be very difficult 

As an investor trying to sell your flips, choosing design elements that the majority of homebuyers will love is important.

Without a deep understanding of these elements, can you underwrite a deal via an algorithm ?

What I have seen in the research is to find a property you are interested in and compare to other comps in the same neighborhood.

Then there is the time element with holding costs.

Here’s a breakdown of the key elements you should include in your subcontractor agreement:Subcontractor’s Information:Full legal name of the subcontractor or company.Contact details (address, phone, email, etc.).Project Information:Internal Project ID or Purchase Order Number (if applicable).Project address.Clear identification of the specific scope they’re responsible for (e.g., electrical, plumbing).Project Timeline:Start Date: For the portion of work they are completing.Completion Date: Set realistic deadlines for their tasks, adjusted to your overall project schedule.Liquidated Damages:Specify a daily amount to be deducted from their final payment if they fail to meet deadlines (with exceptions for factors beyond their control, like severe weather).

Let's wrap up our QI selection series with the human element - because relationships and reputation can make or break your exchange!

Tom so you wouldn't be as concerned about that element?

It all started with removing some interior walls and changing the floor plan, removing a chimney, adding a bedroom and bathroom, installing patio door to the backyard, and completely renovating every other interior element What was the outcome?