High rates are here for at least the medium-term (1-2 years), so deals will have to pencil in this current environment.You may also want to consider hard money for your lending, as they can often fund your construction with far fewer restrictions than a HomeStyle loan.

A little update with the bank, they are now telling me that they aren't even going to consider a settlement or a short sale unless the past due 14 contractual payments (around 8-10k) are paid.

Look at all the differences in both rate and terms but most important in my opinion is their track record in customer service and meeting deadlines and closing.

We consider this issue closed.

.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

@Tom Hall, a few things to consider:1.

@Regina Story consider vetting Xero, REI Hub and RentalHero.

We consider background checks and credit checks only good for 60 days. 

I'm considering leasing out storage space for boats and RVs.  

In Atlanta, Georgia - unless you get caught doing something illegal, it's considered 'grandfathered in' and won't be a problem when buying or selling.