@Ashni ModiRight now I have over 100 BP investors I'm constantly following up with on a weekly basis 75% of them are from California.

I’m a local investor and licensed agent here in Birmingham and also work in property management, so I’m involved in deal analysis on a daily basis!

Obviously this doesn't make a lot of sense from a cash flow basis but if we were to refinance it later on at a lower rate, after we do some upgrades, that could significantly help us but the reduction in cash flow is concerning.If we take the equity out and truly Brrr it, then we are doing better because we avoid the lower value mortgage but can finance at a higher level after reno.  

Happens everyday and yesterday was the best day to buy RE. 

My experience is that is a kind way of saying "We will add 200 basis points to our quote because your deal isn't normal for us."  

For tax purposes, you want to make sure you properly calculate your tax basis in the property.Your basis will be the purchase price of the property + Improvements.Best of luck

You are still covered if they decide to sue you after you have canceled your policy due to the sale of the home because your policy is written on an "occurrence" basis.

Deal was sourced through New Western and sold at a first come first serve basis.

Does the other spouse have a basis to take legal action against the guest they did not invite?

But that should really be considered on a case by case basis.