Purchase price: $25,500 Cash invested: $10,000 Sale price: $69,900Quick Fix & Flip.Property was completely deserted & the family was indecisive about their plans for the home after a recent passing.

Since you plan to theme it and didn't put a number to that, lets just say $75,000 conservatively, including garage, bedrooms etc.

Quote from @Matthew Samson: We plan to turn our current house hack into a long term rental.

The property is a duplex, and he plans to give all the proceeds from the sell to his daughter.

The lender I'm talking with is planning on 75%, I just want to make sure their isn't anything with the FHA loan that says I cannot refinance and move to a LLC without consequences.

Make sure you situate (if you plan to) prior is crucial.

If you plan to scale at all, I recommend QBO.

Since the owner needs to pay your attorneys fees (essentially limited by statute, so can be estimated) in connection with a redemption, all of that math should be part of the planning.

What was your plan to manage the property especially when you are not living in that area/ country.

I ended up hiring an architect for floor plans and to deal with the city.