There is really no reason to roll the dice in a craps game.

BRRR can definitely seem like a beast at first, but once you get rolling, it’s a game-changer.

But a lot of these builders want to roll up and start putting sticks on the ground, so they want to see essentially everything ready to go to the city/county for approval before they sign on. 

It's set up to roll over when the lease expires. 

Back before I retired, I didn't need any of the cash flow at all so all profit just rolled back into more properties.

I will have no problem getting the mortgage afterwards, I just have some other projects rolling at the moment that tie up cash.Thanks!

It's really not that difficult, only takes an email or two to the local creditor's rights attorney in the state to get the ball rolling. 

I'm actively working through this process somewhat now so I can roll funds into a bigger boutique hotel project.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

Ensure the rents and expenses support the debt service and provide solid cash flow after covering the assumable loan, seller carry payments, and operating costs.Occupancy & Rent Roll: What’s the current occupancy rate?