I believe this situation was handled in a way congruent with BiggerPockets values and ethos - information was discovered, we gave the user in question an opportunity to respond publicly to the allegations, other members of the community chimed in to make comments and ask questions of their own, I made the decision to close the post because I believe many of the top viewpoints were discussed and I didn't want it to turn into shameless trolling with no additional value, that whole thread remains up for community members to view into the future for transparency and anyone who reads it can form their own opinions with the information presented.

What’s your process for determining if a property should be flipped or turned into a rental instead?

I hope 2025 turns around for you. 

Good luck and I hope everything turns out ok for you! 

That would be very beneficial.Also as it turns out the Durham meetup was a zoom call for members only so I did not get an invitation, before this Covid pandemic started the meetup was intended to be in person with non members paying a small fee to get in rather than a large fee to become an immediate member.

I claimed for years 1) initial cash flow and cash flow over a long hold have a poor coupling 2) that I would purchase a property with negative initial cash flow.  3) I cared about total return and did not give a $hit about cash flow if the other returns produce an outstanding return 4) that cash flow is my least favorite return because it gets taxed annually. 

I just completed my renovation to turn my basement into a studio apartment that I will rent soon!

A few small changes can turn things around.If you want to brainstorm some ideas or need a second pair of eyes on your listing, feel free to reach out.

IF you were to renovate a non-conforming unit, that unit would now need to be brought up to code.When or if you rent out the unit, you, of course, run the risk of the tenant calling the city and saying the property isn't up to code, which would, in turn, cause an inspection by the city and likely result in some violations that would require you to bring the unit up to code.These types of units are ALL OVER the city of Chicago and be rented out on a daily basis, but there is still clear risk associated with renting them out.

Have them sign an early termination addendum after you are paid in full, they have vacated the property, and keys are turned it.