Ensure you fully understand the fees, interest rates, and any potential prepayment penalties.4.

While using financing does mean I don’t keep 100% of the profit due to borrowing costs, it allows me to take on multiple projects at once and operate in higher price ranges than if I were only using my own capital. 

**Letter of Intent (LOI)**: Though not legally binding, an LOI can outline the basic terms and conditions of a potential deal before the final contracts are drawn up, ensuring that all parties are on the same page.It's always wise to consult with a real estate attorney to ensure that your contracts comply with local laws and protect your interests.

I work in group home settings for a living and at my previous facility there were two clients per bedroom which would give you potentially 8 in your house while at my current job there is one client per bedroom which would only be 4 clients in your home.

Indy is a strong market with a great mix of cash flow and appreciation potential, plus it’s very landlord-friendly.

Start small, ensure your numbers (purchase + rehab + holding + selling costs) leave room for profit, and build a reliable team (contractor, agent, lender).For financing, work with lenders who specialize in fix-and-flips. 

I had a client who kept waiting for a better rate, only to see it jump 0.5% overnight costing him thousands.

Sure don't do the renovation, I only do renovations that project a return of 2x the cost of the renovation.

What's the location, purchase price, expected Reno cost, ARV, etc.?  

Another neat piece is the IRRRL, which allows for cost-effective refi's (similar to R/T) if rates ever drop.