Good morning all, I have a few properties to date and continue to acquire at a steady pace, although COVID impacted me.

Or are you aiming to have a more affluent/higher income party (like a parent) co-sign with you for their impact on the underwriting?

If an investor doesn’t participate in the exchange, we pay them out and it won’t impact the ability for other investors (will be the majority, if not all investors) to successfully participate in the exchange.

Since it may need some work right away and/or in the first few years due to its age and neglect that could negatively impact cash flow during that time.Most people have a tendency to underestimate expenses and overestimate income so having the numbers as solid as possible before due diligence is over and your locked in will be critical. 

I'd like to hear peoples stories on this and impacts on resale with no permits. 

I'm stating this in case it will impact the financing. 

Internal Revenue Service, or received an Economic Impact Payment(stimulus check) pursuant to Section 2201 of the CARES Act;• I am unable to pay my full rent or make a full housing payment due to substantial loss ofhousehold income, loss of compensable hours of work or wages, lay-offs, or extraordinary2out-of-pocket medical expenses;• I am using best efforts to make timely partial payments that are as close to the full payment as the individual’s circumstances may permit, taking into account other nondiscretionaryexpenses;"The 3 underlined bullet points above seem relevant to your situation. 

Both of these things directly impact fix and flips.

The tenant DOES NOT have to be impacted specifically by COVID19.

I would agree that is best, but there are factors such as how good you estimate rehab and how good you are at getting cheap labor that impact this.