This website is very beneficial.  

I am looking for creative structures that would be beneficial for both the owner and myself.

i agree about a forum for mistakes, but that would be very specific based. for example, not including the cost of updating the panel might put you in the red. or not knowing that the hardwood is shot. or not catching the crack in the foundation during the inspection. or not even doing an inspection.there are so many (hundreds) of reasons to make it a flop that it might not be beneficial to most people. it might even scare people away from ever trying to get into the business. not to say "jump in and lose you shirt", but i dont know how much it would help if there is a "flop forum".multiple people on the podcasts have said "if you have not had a flop or being sued in this business, you have not been doing it long enough". so, everyone (except the TV shows) have had a flop, in my opinion.To me, here are the keys to success:- buy super low (as low as possible) to account for anything that jumps out. - watch Income property, property brothers, Flip or Flop and most importantly Mike Holmes to learn how to know if anything will need replacing. doing the work and watching the shows has taught me everything i need to know.

I think taking the proactive approach is most beneficial.

Also, having a real estate license would be beneficial because you can net worth with other real estate agents and investors.

If so, what was the outcome, etc.

To make it beneficial to you so called Mentor, You will have to sacrifice your time if you do not have the money or skills.  

Not the best outcome but at least you brushed yourself off and are back on the horse.Good luck to you.

They're telling us that the only alternative is a 3k reduction in purchase price, but obviously this isn't as beneficial for immediate repairs.Is there another way for the seller to concede 3k so we can have that upfront cash savings for repairs?

And because the PM charges me, the contractor shouldn't be held for that cost.But I'd like to hear from others that may have been in this situation and what the outcome was.Much appreciated....have a great Sunday....