Lenders want to get as much information as possible to feel comfortable with an extension.

Bottom line, as I said, if we call someone to ask if they are interested in becoming a member, we take them through an extensive intake process to make sure they are in an area where flipping is more likely to result in success.

McAllen, for instance, has been ranked among the top 5 safest cities in the U.S. since 2020.

@Ted Akers  yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes   until it does not  LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...

This is what I have done with a more extensive rehab with my GC, but wasn't sure if this is standard for smaller repair budget and dealing with a handyman / sub directly.  

•Safety and Growth: McAllen, for instance, has been ranked among the top 5 safest cities in the U.S. since 2020.

Do the more extensive testing. 

There is a contract signed by the previous owner for 5 years with 10 automatic extensions, so the contract expires in 2024. 

In some instances prohibitive zoning actually boosts property values.

There will be the soft costs, like planning, permits, infrastructure, utility extensions, roads, etc..