We determined the ARV, estimated our rehab, decided on our required profit, and then negotiated on the purchase price based on that data.

There are plenty of use cases where lenders require upfront fees.

It's not fraud or anything because you are, in fact and in reality, converting it into something that is not a bathroom and doesn't require any permits.

Returning the pet deposit early would have required a home inspection during the holiday break, which would have been inconvenient for us.

Lesson two: The Polytech area has a lot of potential but requires careful planning for the scope of work.

Lesson two: The Polytech area has a lot of potential but requires careful planning for the scope of work.

There are lots of hard money options (or maybe not "lots" but not too uncommon) with no appraisal required - that makes the offer equivalent to cash (closing within a couple days and no appraisal contingency - its out there)The lender still has to ok the deal, appraisal or not.

You are not required to move a rental property into an LLC for it to be considered a rental/business on your tax return.You should consider finding a new accountant.Transferring a property can cost thousands of dollars.

Interesting, I am an active investor, we also have a team and ask OOS clients almost the opposite: we require them to come to Milwaukee and check out some neighborhoods and houses together in order to make sure we are on the same page.

No Specific Performance": Without the remedy of specific performance, you can’t require the seller to clear the title and complete the sale.