Here are some of my risk mitigation elements:Buy the property rightUse conservative projectionsKeep some liquidityHave alternative exit optionsGo as fast as you reasonably canDo not over extend (do more/bigger deals than you should)Stay diligent in watching the marketWhat else am I missing?

From a nostalgic point of view, I will miss BB.

I am finally getting around to really exploring the site.What a great resource.Anyway, I am new to investing and am working on lease options/rent to own and wholesaling in Chicago and the surrounding suburbs.I missed the BP meetup in November and am bummed.

You can have your partnership agreement, you can do other agreements as well that can govern most any issue, change orders, punch list, time frames, who hires and pays subs, insurance, profits and other issues.Who you partner with always makes a difference, but I'd think as slow as construction is getting a decent partner wouldn't be too hard, just be in a position to hire and fire if necessary.Adam, sorry, missed the insurance question.

Do lots of reading on tenant screening, and treat all tenants the same - whether Section 8 or not.As posted by others, the Housing Authority only checks the tenants for eligibility for the Section 8 program, and even in doing so they miss things (like income earned "under the table").

I think the key thing with a wholesaler or flipper is the communication that they have with  each other so that the wholesaler is not missing  the mark blasting out a bunch of props hoping someone bites.

My husband and I lived in Phoenix for two years back in 2000 to 2002 and we have missed it ever since we moved from there.

Here is what we are told that differ from one another:1) know how to do multiple types of transactions, this way, you can take advantage of all leads and not miss out on any deals.

Rental insurance usually costs about $15-$25 monthly, sometimes less if bundled with their auto policy.We have dwelling and repairs covered, but because of forward thinking and a great insurance agent, we also have coverage for the missed rents due to the damage.

I'm paying myself.The down payment for this latest though is from a heloc; the cash flow is still there as outlined above but I am curious if I missed anything.