Depending on the ARV, I think you are better of using your own cash or getting a partner involved to finish the rehab and then cash out refinance with a conventional or DSCR loan.

Given the legal challenges that can come with Foreclosure, I recognize the importance of having an Attorney involved for the Foreclosure process.

My question is since a lender is involved and I will be drafting up a contract how do I protect myself as to once I hand off the home he doesn't end up pushing me out (there is no sign of such and there is trust but this business)?

This is only one area of real estate that should be addressed, and it typically involves premises liability/property management type claims.

Buying down to 5.75% for $4,400 will give you immediate monthly savings and stability, which can be nice for budgeting as a new landlord.

@Kristee BadetHouse hacking involves living in a multi-unit property and renting out others, potentially offsetting mortgage costs and allowing savings for a personal home.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Seems like a great way for rehaber to make the financials look any way they want.I can think of a few technologies that might help track income and expenses across projects that don't involve saving pieces of paper / invoices / pdfs :)  

You are you, and only you can create these proforma figures based on the way you intend to stabilize an asset.

If looking to scale flips and create systems around it to minimize your time and involvement, I'd highly recommend putting a team in place that can handle the day to day operations.