However, i'll likely be looking at additional ways down the road to be even more secure for a backup what if scenario.  

Quote from @Alan Mills: Got an inspection objection back with something I’ve not seen on my other rehab’s (this is a Colorado property):“The seller agrees to have a licensed plumber install external sewer cleanouts per city code and scope the sewer line ensuring its integrity.”This was a full interior/gut rehab and almost everything is brand new.

I am now 29 and wanting to grow at a faster rate- and also ensure that I am making smart moves, rather than just grasping at whatever a bank will give me.

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

@Zach Lemaster and his team was super helpful, supportive, and knowledgeable which ensured a super smooth purchasing process!

. - Ensure alignment in goals, risk tolerance, and expectations. - Conduct thorough due diligence on potential partners. - For Private Lenders:- Vet investors based on their experience, reputation, and past performance. - Clearly define the terms of the partnership to avoid misunderstandings. - For Both Parties: - Use legal agreements to outline roles, responsibilities, and profit-sharing. - Communicate openly and regularly to build trust.

So, if you put in 20K, you could set the bid up to the amount of the 100K total debt(80K existing + 20K additional) to ensure that the property reverts to you as the lender.

The most important thing is to ensure your loan is covered in the event of a loss.  

Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

As of now, I want to focus on distressed properties needing light upgrades to ensure the ARV justifies the rehab costs, or I’ll consider a turnkey property if it’s in a good location.