You're also facing so many additional factors/steps for a BRRRR deal such as sourcing deals below market, finding reliable contractors, up against other competitive investors, future market conditions/values, running numbers religiously, exit strategies, etc.

Moreover, continue to save religiously and pay off any unnecessary debt you may owe. 

But I just felt strange that the last minute they decided to add a religious document to the contract.

So not sure if lot of ppl know but some religious groups specially Muslims avoid borrowing money on interest due to religious reasons.

Always run your numbers religiously and confirm with other local investors.

- but most folks are looking for something else entirely, something that simply does not exist. as soon as one puts all of these fantasies aside, as soon as one looks deep inside and makes the decision to actually engineer a decent framework up front - which includes a sharp self-education in correctly perceiving reality, along with all of the practical matters that Jerryll mentioned above - then the true path begins. imo, this is a genuine awakening - believing in one's self above all others, working diligently and intelligently, accessing all of the wisdom that is already inside of you. all the best!!

Those are the hazards of being in this business, but at least you don't have brand new floors that will need to be ripped up, and more importantly, lucky that it didn't go undiscovered so that one night you were awakened by frantic calls from tenants complaining of sewage all over those nice new floors.

You also pay directly insurance and taxes.Note: there is a due on sale clause with a wrap and a subject to transaction, and many times a property trust is used.Due on sale clause means that the bank has the right to call the loan due, but if the payments are paid on time, religiously, there is no real reason for the bank to call the loan due on performing, "in good standing" asset.Here's a business plan for bad credit entrepreneurs:One: understand that your bad credit is not stop you from operating a real estate business.Two: if possible get licensed sometimes bad credit prevent you from getting licensed.

For some investors, supporting specific charities or religious organizations may not align with their beliefs.

You will be in for a rude awakening if you go lower.