The overruns weren't caused by the Land Bank or thir requirements, they were due to inevitable surprises when you do major renovations.Rcommend NOT focusing on Land Bank properties, instead look at everything on the market and buy the best BRRR property you can find.One last thing, many of the Land Bank properties are in Class D Neighborhoods:( VERY difficult to make these work as rentals or flip.If you'd like to chat more, DM us and check out the Interactive Map of Metro Detroit with color-coded Classes on our website - to make better decisions:)

In addition to following the SOPS, the SOPs need maintenance.  

Triple it...We have raised $50M+ over the past 3 years but it is a grind.

I’ve learned a lot about this through a co-investing club I’m part of.

We are seeing some softness in the market, some overpriced homes coming down. 

This is the big bucks .

So the pm group (tip toeing around there fragile investors wanting to keep the relationship strong) resorts to their cheapest guys.

I'm curious to see what others have come up with.

Click on images to enlarge.The house was not suitable for the MLS.

I bought a flip this week.However, my listings are sitting longer and offers are coming in lower — so I’ve adjusted my underwriting to compensate.