I’ve noticed many deals don’t fail at acquisition but later in the process.From your experience, what’s the most common reason a deal falls apart after going under contract?

Following up with the court docket search function, we turned up more than 15 interactions with the legal system for everything ranging from theft, assault, DWI, driving without a license, taking deposits for work and never coming back and an eviction. 

There is some liability protection, but more importantly an LLC is more likely to keep your personal name out of the court docket and it provides useful flexibility for business planning and future structuring.That said, since you mentioned house hacking, I would strongly suggest evaluating FHA financing.

Something I’ve been noticing more often lately:
A lot of deals don’t die because the rehab was underestimated or the ARV was wrong.
They die because the deal never matched the buyer’s risk tolerance to begin with.
Sam...

After reviewing a lot of dscr files that didn’t make it to the finish line, a few patterns keep showing up:
• Deals that “cash flow” on paper, but don’t qualify under the lender’s rent methodology
• Reserve and liqu...

When a unit does turn over during that window, I’ll often use a 15- or 18-month lease so future renewals and potential vacancies fall outside the winter season.

Curious to know what the BiggerPockets community thinks about this. To me, it doesn't mean there's going to be a "crash". But it's not going to get any easier to sell a house either when many are priced out of the mar...

Hey Melinda,One piece of funding advice I’d give to first-time flippers is get your financing lined up before you even fall in love with a property.

It sounds like you already have a solid approach and are thinking about the right things.Given the amount of leaves you deal with, I would stick with a spring and fall schedule, especially for the gutters.

This has meaningful implications on yearly insurance renewals, premium costs and the docket that's examined by potential business partners, lenders etc.