The property is a historic property but since I purchased the property inside an IRA, it doesn’t qualify for tax credits to rehab it.

I'm an investor and a licensed mortgage broker who has done fix and flips both using my home's equity and borrowing against the investment property.If you (1) have enough equity in your home to fully fund the deals, (2) don't mind tying that equity up for these deals vs saving it for a rainy day and (3) are ok linking the place you sleep with the success of the flips, this could make sense.We offer a ton of different fix and flip programs including putting 10% down on the purchase price and funding 100% of the rehab.

A BRRRR is when you buy a house (often uninhabitable) and rehab it BEFORE you rent it out. 2.

I intended on financing a rehab for $60k with a $15k return after 6 months.

I have the home owner willing to do owner financing for 6 months to a year with interest while I rehab it then re-fi and pay him off.

At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.

Look for duplexes that are going to need some rehab work so you can add some sweat equity and bring the value up as well.

My team at Graystone Investment Group works with investors to handle the whole process—finding solid deals, managing rehabs, and long-term property management.I get why you're looking for options closer to home, and Florida has a lot of potential when you find the right markets.

I'm not sure of what the rules are regarding agent-client confidentiality but without naming any names or addresses, for example:SFH#1 or Duplex #1, if this is Class A, B, or C area, purchase price, down payment, loan terms, monthly payment PITI, gross rent, property management fees, other repair or cap ex costs your client went through and the net rental income for this investorIf this isn't an LTR but an MTR or STR, now we're adding utilities, WiFi, furnishing the place, higher PM fees.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.