The property is yours to secure and use if necessary.

By highlighting my ability to close quickly and my plans to enhance the property's value, I secured favorable terms that fit my investment goals while laying the groundwork for the broader development project.

Otherwise, if you prefer not to go through that process, you'll be hit with a 25% tax on your rental income, which can eat into your profits.I also recommend investing in a couple of cameras and a good smart lock for security and monitoring.

How should the security deposit be managed in this transition?

While contractor availability and supply chain slowdowns are challenges, they plan ahead by securing labor and materials early and building in project buffers.

I feel like just about every month, I see RE investors with 1-2 year's experience starting a new fund and advertising on Facebook for LP's, as well as the daily "JV deals" that straight-up violate securities laws.

By leveraging my knowledge of the transaction and timing, I negotiated favorable terms, securing a rare townhouse investment opportunity in Charlotte’s historic Fourth Ward.

By leveraging my knowledge of the transaction and timing, I negotiated favorable terms, securing a rare townhouse investment opportunity in Charlotte’s historic Fourth Ward.

In my experience you have to deal with contractors in person, be on-site and be a bit of a tough guy, you have to know enough about what they're doing to constantly call them on any BS, even if you're not an expert you can usually research enough to keep them in line. 

By leveraging my knowledge of the situation and the property's potential, I negotiated favorable terms and secured the deal, ensuring it aligned with my vision for developing a duplex in this thriving Charlotte neighborhood.