Forsimplicity’s sake, we’ll say that the seller will pay our closing costs, whichmeans we are required to put down $16,000 for a 20% down payment.

Some counties require you to pre-register if you plan to bid at auction at the time of sale.

@Randy Sherer I’m doing the same now and have researched the county or city STR zoning, permit requirements by going to Google or the city website.

If not, ask your lender the seasoning requirement to cash out refi. 

State regulation for in home day care 4 people or less do not require any type of business license or does not require the tenant to have any type of day care license. this tenant has 3 children in the day care.  

The home inspection thing won't help with the 2nd requirement I mentioned above. 

I'm sure I'm spending twice the amount of time if not more than when I fully have everything complete.I have maintenance, rehab, and leasing staff, and am implementing all the backside (invoicing, data collection,..) stuff for now, as I need to better define the system before I can transfer it over to others.I would imagine your scale here would require at least a full days worth a work for a couple of months to set things up, tweak the system here and there, and then finally reduce your hours as you streamline it and get yourself out of those tasks.Hope that help.

Typically our lending partners programs are as follows:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 65% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.

IMO understanding how NC contractors laws/requirement is important.

When utilizing a 1031 exchange, the general industry consensus is that the replacement property needs to be held for a minimum of 2 tax reporting years after purchase to fulfill the qualified use requirements.