Great alternative to states that are cracking down on assignments  or having to try to  juggle double closes and all the marketing expenses that those that never close on props have to do.. this was simply listed on MLS and sold. 7th transaction that JLH has provided this client since Feb. 

The buyer does not need to use that particular lender, they are simply trying to protect their clients interests the best they can.Go back to your lender and get the pre-approval letter, else your offer will likely not be accepted.

Are you simply finding the owner via the list of tax delinquent properties available on ALDOR?

Are there concerns like location, zoning or land use, or is it simply about passing the inspection if it's a residential use?

So, I know this is getting a bit off topic, but regardless of basis per unit, I simply don't see a property with $37k NOI today nearly doubling NOI when the incomes are that low for the area.  

Thus, as I am at this point a ‘hobbyist’ and not a professional I presumed I would simply report whatever minimal profit or loss realized on this first joint flip project as pass through income.

I’ve been actively seeking mentorship opportunities in Dallas, diving into real estate literature (including David Greene’s BRRRR method), and connecting with others who are passionate about achieving financial freedom through real estate.If you work in IT, are based in Dallas, or simply want to connect, I’d love to hear from you!

Or are you simply looking to get into something turnkey, and just stick a tenant in there with good cash flow?

I thought the same thing and scaled up rather quickly to 300 units in deep south 95% section 8 after about 18 months I realized I bought myself a job that was simply not worth it..

But if you're simply planning on reinvesting all to get the best return possible you might also want to think about a diversification exchange where you sell one property and buy more than one.You could buy that smaller land locked piece.