When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

@Ethan Slater here's some info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If you are like me, you are shocked and in disbelief that figure is accurate.

Now, you need to figure out how to find deals and pay for them.

I figured calling would be easier, and they said I can't transfer the title or they will call the loan due.

My favorite source is Navy Federal for its long draw period of 20 years, and Figure for its fast funding.  

A good GC will have their own contract for you to review and you could potentially negotiate from there to see if you can figure out what works for both of you. 

Ultimately, clear communication and expectations handled in a respectful manner can avert any issue.

Now is not the time to say, "well, we will figure it out."