Even though I know the numbers well from my previous experience, I’m sure there are some unique challenges when it comes to flips—like managing renovations, timelines, and of course, staying on budget.For those of you who made the transition or started out flipping, what’s something you wish you knew before your first project?

I feel after a "thousand year event" the area held up remarkably well, and I continue to stay bullish on Florida and especially the Tampa Bay area.

GP is considering refinancing in a couple of years to buy out some of the LP investors; I want to stay in the deal because of the great cash flow.

In my opinion, one of the best ways to start is with a househack especially if you are planning to stay in the south florida area for a while.

For a HELOC, the property must stay in your personal name, but it is possible to secure one on an investment property.

I would pay a bonus based on staying under budget, finishing on time. 

While it's not common for lenders to enforce this, it's still a risk.Lender Discomfort: Since the loan stays in the seller's name, if the lender becomes aware of the transfer, they may become uncomfortable with the arrangement, potentially complicating the process.Seller Risk: The seller is still legally responsible for the mortgage.

Still learning to use this platform:) To answer your question, I would like to stay clear of the metro and national fly to markets due to their volatile ST regulation structure. 

Even a small claims court option might help you recover some damages later on.It’s definitely a tough situation, but focusing on getting a clear bid for the remaining work and being upfront with your lender could provide the best path forward.Wishing you the best with this—stay strong!

The other trick I would do is I would fudge my numbers on the rehab to make the numbers work so I could stay under the 70% ltv and not put in too much money on deal.