It's very likely they saw the inside condition of the unit before you purchased it and they have the right to inspect.

They also didn’t like the idea that Phase 2 investors would dilute their position when they come in later.What are some fair and effective ways to address this concern?

Still under injunctions, but it is likely to be overturned, and you will have a short window to file.

I guess there has also been talk of moving some government entities out of Washington, like the FBI.How does all that factor into your analysis?   

•Look at Rental Absorption Rates:•How many homes like yours were leased in the last 3-6 months?

These guys operate like flies on the wall.

@Randy Fitzgibbons - I'd recommend going with contractors who have experience with deals like this AND have experience working with banks/lenders for 203K rehab deals.

Looking forward to networking and connecting with like-minded investors.

I would like to get 1 LTR and 1 fix-n-flip done this year.Hey @Evan Malburg, welcome to the BP Forum!

Right now we're inquiring with our insurance provider to validate proper coverage, checking with our rental license if it covers uses like this, and working through what a lease would look like.