This would help you potentially qualify for an FHA loan when you execute the purchase option.Option 2: 5% payment for the option with the option payment spread out over 12 months from the 2nd month until the 13thmonth.

Further, too many groups coming together can mean too many cooks in the kitchen and lack of the ability to execute the biz plan properly.You bet on the jockey first. 

Its just so hard in the current environment to get any cash flow with SFR (unless you bought when rates were lower or are doing a well-executed BRRRR). 

Things you wish you knew before executing this strategy?

A performance deed -- essentially a substitute for a deed in lieu of foreclosure -- causes problems with title insurance on a subsequent sale because the deed was not executed after default and good faith negotiation with the lender (the typical DIL scenario). 

Hi John, I recommend reaching out to a local property manager (search on Google Maps) with many 5-star reviews to see what legal action you can take before the Sheriff is available to execute the eviction.Property managers specialize in landlord-tenant law and should be able to help you determine a path forward that doesn't require waiting 3 months after the lease ends.

You can't just unilaterally cancel a lease you have already executed.

The answer probably depends on your long-term goal and how long the long-term means for you.You are correct that if you put 30% down on three properties, you will then have to wait until you accumulate enough cash via appreciation, cash flow, and savings in order to buy the next property. if you execute a brrrr, you would be able to keep going. 

It really is eye-opening, and the concept, if properly executed, with funding, logistics etc -- all these things I'm no expert on, will make this truly a huge change for the city of Atlanta. 

I had hired a contractor in the Fall of 2021 to do some proactive repair work, but his "fix" apparently left the roof vulnerable to the elements.