Are you thinking about rehabbing a property?  Then consider some of these questions first... 

• What is your target market? 
• Where is it? 
• What types of real estate will you acquire? 
• What price range of property will you require? 
• What segment of the market will you pursue, retail or rental? 
• What type of buyer/renter are you targeting? 
• How will you acquire real estate? 
• From whom will you buy them? 
• Under what circumstances? 
• What methods will you use to find prospective purchases (e.g., real estate agent, bird dogs, advertising, foreclosure, etc.)?
• Use weekly AUTOMATED SEARCHES from your realtor 
• Will the properties require major rehab or just cosmetic repairs? 
• Are there any repairs that will exclude a potential property (e.g., structural damage)? How will you determine your offering price? 
• Will you use a formula/program? 
• What are the components of that formula/program? 
• What about closing costs, taxes, property insurance, liability insurance, fines, permits, etc.?
• How can you be assured of a profit? 
• What is the average repair budget? 
• What makes you better than the competition (i.e., the other homes on the market) when selling your completed projects?
• Have you done your Due Diligence?