.: First understand that people lie, oops I mean, "fake it 'til they make it"It doesn't matter if it's number of units, SubTo deals, net worth, number of doors, or any measurement of success.

Before you get a flip under contract it is important to know that you have a vendor/contractor you can trust that will do the work needed.

I guess you could use two different numbers to test it and find out.You should get big bright signs with your name and phone in bold. 

Are you wanting to do a BRRRR on your first deal?

. - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

Yes the loan would be secured by the land initially and then everything affixed to the land as you develop it.  

What do you mean by problematic? 

They all are if you ask them , its because they are getting your money .  

Property needed some TLC as it had some termite damage and active infestation at time of move in, got quotes from contractors to replace some studs but all quotes came in too high so ended up doing most of the work on the home myself which meant the home sat vacant until January 2025 at which point i placed on rental sites but still waiting for vacancy to be filled.

If you do, you should expect a very aggressive challenge by the IRS.At $350K of combined value it might be worth the cost to get a segregation study if you intend to keep these a long time.