But it got me thinking:- Is this a common and sustainable strategy for sellers?

In many cases they’re unfair to a legit partner (oh $***** happen in every project) and could get to the point where the contractor has little upside motivation to complete a project.- Monitoring (or even controlling) payments of rehab expenses will provide visibility into costs but can be a significant time drain for you.- if you will not be able to visit the flip yourself to monitor progress (schedule and quality of work) then I would highly suggest you find away to have someone you trust monitor the work on your behalf (realtor?).

As a buyer you are on the hook after closing so you are taking on more risk than the Seller. 

Resale sellers may not need to sell, and can typically hold on a lot longer (depending on the seller of course).

When you’re purchasing a home or commercial property in Arizona, one of the most important steps after the inspection is reviewing the BINSR (Buyer’s Inspection Notice and Seller’s Response).

This can be more effective in motivating timely payment without drawing legal scrutiny.That said, if the tenant is consistently paying between the 11th and 15th, the issue might not just be the late fee—it could be a cash flow issue on their end.

I’ve never purchased a property that the seller was willing to “discount” off of FMV that DIDN’T have capex issues.  

You’re in a powerful position right now: combining your passion for real estate with the motivation of building long-term wealth for your loved ones.

They would respond rarely but I could tell we were progressing but not at a rapid rate.Another lesson: I quickly learned that the banks had very little motivation in the assumption process.

There is subject to, seller financing, assumable loans, private money lenders, hard money lenders, etc.