A lot of lenders have a seasoning period of 6 months in order to use appraised value not cost basis.

Bottom line is you can rent out on a short term basis and you don't get into a legally binding agreement during the first year where you lose the ability to occupy the property when you so choose.2. 

And then I'm keeping the smaller ones and doing some bigger ones (3bedroom 2,000 to 2,400 sq ft) that will remain as holds.Keep in mind that as a builder my cost basis is better than people paying retail. 

Always making sure I begin everyday making healthy choices and a lot of gratitude. :)

General terms:80-90% LTV/ 100% LTC with a cap at 70% ARV9mo note at 12.99% I/O3pts Origination$1k UW$1k LegalAdditional costs - title, appraisal, property insurance (~$2k)10% of renovation estimate as contingency due at closing.Renovation funds issued on a reimbursement basis for work completed.Looking for constructive feedback.Thank you to all that contribute.

The is the basis that SC is using to go after wholesalers at the moment - passing a "ban" that's murky at best and then daring the attorneys to test it.

You can also hire a realtor to help you get it rented and do the paperwork and then turn it back over to you to do the PM on monthly basis. 

This delay is costing me money every day as my property remains vacant.Additionally, their application process is extremely tedious and discouraging for prospective tenants.

West Tulsa should be evaluated on a street by street basis. 

Second, becoming a GC allowed me to quit my day job and go full time building my own projects as I charge my investors to GC the projects, and that allowed me to find more deals and investors much faster as being in/around RE all day every day is very helpful to scale quickly.