Yes, it will take some time to comb through the paperwork, but you will learn a tremendous amount about the business plan, the risks of the investment, and quite possibly a few other things you didn’t even think you needed to know.

The end goal is to BRRRR the property and I know that purchasing cash first and refinancing after the repairs is the way to go but I am thinking going at 5% down I wouldn't be leaving a tremendous amount of money in the deal.

Here's my logic, the smart money has been on SFR for a little while now and as these properties are available to rent, the cash flow opportunity will be tremendous.

Wholesaling is tough, since you have a background in repairs I definitely believe that will help you tremendously.

Only if you don't respond to the Demand to Close Escrow does the seller have the right to unilaterally close escrow and claim your EMD.Despite this being a seller's market, despite what your purchase agreement says, the state of California has tremendous consumer protections in place across the board.

My first thought is that the property you purchased back in 2019 must have some tremendous equity appreciation over those years. 

I think essentially doubling the bathroom capacity alone could help tremendously, on top of updating other things on the home.

(I know, super late to be posting, but I don’t care.)It’s been several weeks since I’ve last posted, so I wanted to update and also see where everyone else is on/in their journey.Again, I am recently separated veteran from the military due to injury, and now receive full benefits and am in the process of getting ready to invest my first multifamily property.I am currently going through the pre-approval process, my credit score has improved tremendously, and focused on growing my transportation technology startup as I’ve just been accepted into an Incubator program for startups.I am looking at duplexes currently, and still have been engaged in networking/building relationships and educating myself with books and podcasts.It has been one hell of a year (not in a great way at the start of it), but I’m looking forward to 2023.

This was golden, because having approved permits reduced his build time tremendously and the deal was located where profit margins are high.

We'll have to hold each other accountable :) Yes, BP is a tremendous resource indeed.