I am working on my first BRRR, and am close to finishing up the rehab.  

Maybe lake visitors, but not really close to the lake. 

Account Closed, I have not tried BB&T, but I will reach out to them as well.

Wanted to still be close to family but maintain a cheaper lifestyle, still have strong appreciation, and much better tenant/landlord laws, taxes, etc. 

@Somesh MukherjeeI would be happy to connect to talk about Cleveland, having a great team in place is going to be the pillars to your success.

Would love to connect with like-minded folks. 

Hey Celso, since it’s your first time flipping, I’d suggest starting locally so you can keep a close eye on the project and make sure everything’s moving along smoothly.

Its a really stupid rule especially if you self manage and live close to city limits.

You should also request a personal financial statement to better understand their financial health and proof of funds to confirm they have the liquidity for down payments and closing costs.

The same as any refinance, the 1st position debt (subto loan) will be paid off at closing.