Through the eyes of the lender and on paper, you can't say you will be moving into the illegal unit when going through the sale process.

Just made an offer on one earlier in the month but it fell through so I may hold off until later in the year / early next year to catch the beginning of prime season vs mid season. 

Boots on the ground.Make friends with a neighbor who can keep an eye on things.

We removed 4 walks (including load baring), installed 2 walls, added half bath, replaced all plumbing and electrical, added new eye brow porch, painted full exterior (changed color), replaced all flooring, new bathroom and kitchen layout with everything replaced (shower, cabinets/vanity, counter, appliances, etc), stocked with new furniture, added mini split, removed gas/wood fireplace and added a new electrical fireplace, and placed initial STR tenant in 2 months and 1 week.  

Plus the BRICS countries although they are buying gold, they are so far behind the U.S. and our ally reserves they can never catch up in the near decades.  

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $150,000

Cash invested: $75,000

Sale price: $332,500

Don't miss this Freedman's cottage built in the Roaring Tw...

With The right sellers you are probably catching up back payments and saving them from foreclosure so having a little debt left out there is small compared to having a foreclosure on their credit.

People would say things like cash flow, seller financing, Self-Directed IRA, etc. and my eyes would glaze over.RTR Academy starts at a basic level and builds you up to where you need to be for a successful endeavor into real estate. 

I found the ways to secure my interest and prevent underhanded moves by sellers in liquidation business, but RE is a whole different animal that I don't have as much experience in.Now, here is the dilemma: in order to be most efficient and get a good rep as a wholesaler in the eyes of the sellers, you should be able to CLOSE every purchase contract you sign.

When I was eyeing fix-and-flipping, I came across some wholesale listings that had ARV's which didn't quite line up with reality.