That magical piece of paper we all call a lease, is really mostly a one way street.

I mean, a filed lawsuit arguing to pierce a particular LLC is only worth the paper (of course most jurisdictions don't even allow paper filing of civil actions anymore) it's printed on.

On paper, it sounds like a good deal, but I worry that you are doing this all on a spreadsheet and not in real life.

IE the buyer themselves buys low end tough to manage assets because they look great on paper.

I think flipping is the way to go on this project since it’s my first deal which has always been the plan but very grateful for some guidance. 5 weeks of tear out, wall paper removal 🙃, new electrical, deck supports, HVAC install…we start putting it back together!

This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

-Paper folding machine, this will save you a ton of time.

Here’s the deal (pun intended):Run the Numbers: If the deal makes sense on paper—cash flow, ROI, and all—trust the math, not just your gut.

They generally have out of college/construction unseasoned folks doing the paper permit reviews from what I've seen based on the comments that come back. 

If you've lived in your town or city for 5 or 10 or 20 years, you will know things about it I can never know and thus you have a distinct advantage over me when it comes to investing - you know what a good price is, what a bad neighborhood is, what house looks good on paper but is underneath the airport flight path, and so on.