. $65 a SF sounds nice, like the one member described.

@Amber TurnerThen you have the choice of going Freddie, or Fannie, whichever is more advantageous, if needed.Reminder that retirement accounts can be used for reserves, at 60% of value.Below is particular to your situation as you described it...Fannie:4% of unpaid principal balance for non-subject property investment properties.6 months of PITI for subject property. 

I consider our C-Class neighborhoods to be much better then the neighborhoods described in this thread and we do evictions every single month.

By offering them the ability to call and listen to a recorded message describing what you can do for them removes that fear.

If you can do a separate sheet, on that sheet you can write all your chart of accounts then a few "Misc expense" and use "comments" to describe those.

Any articles that go in more detail into wholesaling, Books that you have found helpful.It sounds pretty straight forward what you are describing, however, I have always found that the devil is in the details. 

You also do not have to sell to realize that value...you can refinance, pull our your invested capital (and then some on this example), let the property continue to cash flow and use the refinance proceeds for the next deal.I was not necessarily recommending this strategy...just adding onto the BRRRR strategy from your initial post and describing the next level of leverage beyond that strategy since that was your question.

@J Scott, yeah you're describing an operation more significant than just someone with a couple of flips going on. 

@Daniel Ramirez Spending quality time in finding the right GC is probably the most important step in managing a Flip without doing the work yourself, so I commend you for taking the time to ask for opinions on how to vet one properly.Having just found a GC that I like and who is honest, I'll describe the process of how I selected him.First, I did research to determine whether or not his business is successful.

Your agent should be able to direct you to an attorney who can provide advice on this as well as accurately describe the risks to both sides.