With a purchase price of $131,000 and a sale price of $189,900, the property promised substantial returns with minimal investment.

The ability to sell the property the same day for $50,113 presented a unique investment opportunity with minimal risk and high returns.

There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

It would be great to time your own stay during the slightly slower months (perhaps in the Fall) so you minimize the impact on revenue.

Selling the property the same day for $63,000 presented a unique investment opportunity with minimal risk and high returns.

Low-cost index funds are a great way to achieve broad market exposure with minimal effort.

I am open to properties that may require minimal renovations if the deal aligns with my investment criteria.My long-term plan is to scale my portfolio deliberately, ideally acquiring multiple properties within the next 1-2 years.

I would also suggest having a couple of exit strategies to minimize risk.

Sellers Info-Main interest: minimizing capital gains/taxes, preserving estate for his kids-SFH free and clear, no mortgage, purchased 30 years ago for ~$150k-Currently acting as landlord, very likely doesn’t want to continue in this capacity My info:-I want to cash flow the property now -I want to purchase the home now or in the future Property info-No tenant, rent comps $2600-2800-Current comps of $290k-320kI don’t know the sellers full financial picture.

If they are behind you, I'd also work on getting a solid fence installed to minimize the contact.