Another thing we did several years ago was we took loans we bought at a substantial discount, I hypothecated about 70 of these loans and it was basically the BRRR strategy as we got our money back out of the deal, and the investor got 5 years of cash flow and I kept the back 10 years.

the seller has to trust that you / the buyer is going to make the payments and also pay the taxes and be a good steward of the property since that's their security on the loan.usually you'd put a balloon in, but i bought one deal where the numbers worked out for us to fully amortize it over 12 years. 

If it was so great we would have bought there. 

The house was bought for $362k and has a mortgage balance of $250k.

So you have a gap between handing your check over to the Cryer for the sale and when you get the deed and there is no title insurance.. you can buy aftermarket after the fact title insurance but if there is any gotchas on title when you bought those will be exceptions.

Even if you've already bought the property a lot of lenders also offer delayed purchase options, they'd just be lending off the purchase price and not the current value should you have already started working on it, but the max LTV is going to be higher on the delayed purchase than it would be on a refi anyways.

We loved it when we bought the house and what mattered to us most at the time was the layout of the kitchen, not the color of the cabinets.

Wholesale house bought from "Invest with Ben"New LVP throughout (Carpet in bedrooms)New KitchenNew WindowsNew BathroomsPaint ThroughoutFinishes/Fixtures/Minor plumbing work as well as front door replacementLandscaping/Very little outside work$153k purchase ~$46k rehab (Used our own guys so was able to get labor at cost)Sold for $242k3/2 ranch 1200 sq ft with a 2 car garage. 

So the taxable amount would be:Sales priceAdd: any improvements capitalizedLess: original purchase priceLess: any depreciation takenSo let's say you had a house you bought 17 years ago for 100k.

I think that you should replace the carpets with LVP flooring as someone mentioned before me and this is why: I had a rental property with brand new carpets all over (bought the house with it).