With housing headed downward

[JMPRO]

This brings up a point I have been thinking about. When you do a flip do you consider the profit gain on what cash you had invested in the property or on what you were on the hook for as far as the mortage goes. If I buy a house for 500g, put 50g in a remodel and sell the house for 650g I made a 50g profit on the deal. Some people tell me thats a good profit seeing as how I only had to put out 50g. I see it that I was on the hook for the 500g and am libel for that amount if the deal goes bad.Thats only a 10% profit and I can make that and more funding 2nd trust deeds with a lot less work and risk, although I may soon own a condo in Boise Id. I didn't plan on. The good thing is the condo is only funded to about half its appraised value.
JMPRO

[Flatbutt1]

Well I give up. No one is interested in doing the foundation job on my house. To risky,to much work not enough money yadda yadda.
So I have two more options I can think of:

1 Tear off the front of the house that needs the foundation work, rebuils bigger n' better. I would need an architect for sure...so any architechs in the house? I have no clue how to select or what pricing is like.

2 Tear down the whole farking thing and put up a modular. Any in house experience with modulars?

BTW I didn't get the Napa Valley job.