Time is the most valuable component of investing.

Also in non-binding LOI we have confidentiality component where we try to see big key DD items upfront to make sure nothing would majorly affect loan or cash flow of the property before spending maybe thousands negotiating a contract for purchase.Nothing is  fool proof but measures can be put in place to try and limit losses and get rid of loser properties right away.No legal advice given.    

I look forward to seeing all components of real estate transactions placed onto the blockchain in the future.

HUD guidelines is 2 people per bedroom plus 1.So1 Bedroom - 3 people2 Bedroom - 5 People3 Bedroom - 7 People4 Bedroom - 9 People.EtcThere is also a sq footage component as 50 sq feet per person in a bedroom can increase or decrease the number of people presumed to be able to live in a bedroom.Do not discriminate, it is illegal.

The biggest thing that helped me was aligning myself with like minded individuals.

One component you could be under-estimating is the rehab. 

Your comment on SFH vs 4-10 plex makes sense and aligns with what I was already feeling.

Goals/vision & morals must align.

We have also been asking this contractor for a remaining balance on his end, so that we can align it with ours (granted he offered this information before we asked), and it has been 3 weeks and still no numbers. 

They need to believe that selling to you is in her best interest and aligns with their incentives.