This provides you protection and gives the lender a clear exit strategy,.

I look for liens that will be removed or that may stay, ownership history, platting, zoning, exit strategies, cost & profit analyses, and above all else; I physically look over the property.

I see it that your first decision is; to scale (grow), to coast (doesn't sound of interest or else you wouldn't be asking these questions, right), to exit (cash-out) or to transfer. 

Quote from @Don Miller:Quote from @Ruchit Patel:Thanks for giving updates here, Don.Do you mind, elaborating on exit strategy? 

But there are alternative exits that still profit a decent amount, in my opinion anyways.So, this is what you would call a high risk strategy? 

It's good to have a couple of exit strategies, though.   

Even if your GC is decent was able to get your job done in 100 days, if it doesn't resemble the comps in quality then your 300k exit is now 270k and with all the exit costs and holding costs your 40k expect profit is now under 10k. 

Network with local investors, undertake extensive due diligence, and develop a clear exit strategy.

If you try flipping make sure you buy right, know your numbers, have the help you need and having multiple exit strategies is recommended.

Each exit strategy offers numerous advantages on both sides.