We've been getting our house in order and getting things set up to do our first deal, and we are at the point where we are now ready to pull the trigger once we find the right property.Thanks for taking the time to read, and if I can help you in any way, please reach out!

Every lender has their own rules, but in pretty much every residential mortgage contract, there is a clause that triggers if the property is sold or transferred to another person or entity and this is known as the 'Due on Sale' clause.

OR just hang on to the chunk of money available until I decide to pull the trigger on another business idea. 

With standard wording, any transfer (subject to sale, wrap, AITD), an option, or a lease longer than three years will all trigger the due on sale.

And a good broker will be able to assess your property value in a comprehensive way, which alone could set you at ease knowing you are making the right decision whenever you need to pull the trigger.6) Do the mathEstimate renovation costs, if any, and closing costs when coming down to your ARV.

First off big thanks to @Joshua Dorkin, @Brandon Turner and the rest of the BP team and community, without the information I've received here I doubt I would've ever pulled the trigger.

I know that sounds harsh but that's how it is.

I am not in a position to pull the trigger within hours.

If you find a deal like this I would still pull the trigger on it but just know that refinancing may not be possible for a while.Feel free to ask more questions if you need. 

If this would trigger recapture how would I calculate it?