I have been looking for a chance to break into the Nashville market, but haven't pulled the trigger yet.

So this morning I pulled the trigger on a fourplex (quad) in my town.

When I went, they gave me an additional free pass, so I went again this month.I'm not quite ready to pull the trigger on an additional property yet, so I haven't really analyzed many of the deals that have come up.

You can read the terms of the note and mortgage/deed of trust and the loan docs for what the lenders considers a default or violation and what will trigger calling the note.

Also flipping is considered business income rather than investment income and could trigger UBIT.

If property is $100k, you can get a loan based on that whole amount (which would trigger a $20-25k down payment and then a $75-80k loan amount).

This can trigger transfer taxes where applicable, and can be less comfortable with your buyer.

Does pulling the permit trigger this withholding?

How much over your renovation budget will trigger your walk-away decision?

I may pull the trigger tomorrow.