Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.

So from my experience, I’m planning on keeping all the houses that I’ve had a lot of cap ex on.

I'm also a big fan of backup/contingency plans.

I download those into Geo Batchcode so I can plan an efficient route to check out those properties, and of course I take note of any others of interest that I see along the way.  

Please be careful with your posts.

The code being cited by the inspector is below if you care to bother.Thank you.https://codes.iccsafe.org/content/IPC2021P3/chapter-7-sanitary-drainage#IPC2021P3_Ch07_Sec708 Could you put cleanouts within the interior (is there a basement?)

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

go to local meetups, they should have some here or try meetup app or eventbrite. continue to network and that can help you execute your plans.

My wife and I just bought our first condo over the summer and plan to turn it into a rental later on down the road.

A law degree does not mean you know anything re wraps.If worse comes to worse, you can stop the foreclosure with legal action - it costs some but you will not lose your equity.I would not throw the baby out with the bath water re doing wraps and I do hope all works out for you.Reach out if you need a referral to a good AZ attorney to helpBe careful out there guysAlan Not to be too blunt, but you are handing bullets to a six year old with a gun.