They don’t believe in good customer service. 

We are a full service general contractor in Detroit and help a lot of investors with fix and flips, helping get homes rental ready, etc.

I’m fully pre-approved (strong W-2 income, good reserves, quick close).I’ve lost several offers recently in Bridgeport and on the North Side (Avondale, Logan Sq, Albany Park).

Financial issues: The condo association has insufficient financial reserves or a high number of residents are delinquent on dues.

Build up your capital/cash reserves, buy your first 2-4 building to house hack (3.5-5% down), rinse and repeat.You're in the right place to connect with local investors and you can also attend meet ups.

Having reserves set aside is critical for protecting the asset’s long-term performance.

If you have cash reserves and stable income, it is time to take a good hard look at the market again.Contributing factors:1.

The real cash drain hides in your operating expenses (OpEx): repairs and maintenance, reserves, utilities, pest control, legal fees, property management, HOA dues, and unexpected turns like a broken HVAC or a non-paying tenant.Ignoring these costs is one of the main reasons rookies bleed cash after their first deal.

Do you have the reserves for a new foundation, roof or HVAC system the second or third month of ownership? 

Given your limited liquid reserves, don’t close without some cushion or clear plan to weather a few months of missed rent.