please, by all that is holy, no.just do not participate in this abomination

Looking to do some flips in the area. 

I think it's a great market to invest in - excited for you!

That said, it would be hard to determine if this is a move that will help or hurt you with such little information. 

Neighborhood Scout is not going to cover any shortfall you have if it doesn't materialize.you could try finding a bank or broker that will do 80% out on a refi, although probably not possible to close by the end of this month. 

It’s funny I joined Chads groups on Friday.

Also, the tenants that you are inheriting will not know what information you do or do not have.

Do you consider worst case scenario and base your potential offer based on this? 

Any tax knowledge of if people doing this strategy are able to take the losses from the cost seg study (on the ADU) to offset their W2 income?

We’ve loved it so far.