It took some digging, working closely with a title company, and negotiating with multiple parties to get it resolved, but in the end, it was a great learning experience—and a successful deal!

I have multiple STRs across the southeast including in North GA and self manage those homes.

However, there are multiple documents that emphasize that all 1245 property determinations must be factual and supported by corroborating evidence.

This is why blending different sources of equity within a project that has multiple phases of development can be a more challenging capital raise.Separately, from a GP standpoint, if you can take down the entitlements without LP capital, you stand to negotiate better terms.

.🔹 Profit Multiple Ways – You can rent the property for cash flow, sell the option at a profit, or buy it later at a pre-agreed price (often below market value).🔹 Great for Sellers & Investors – Motivated sellers can turn a vacant or hard-to-sell property into income while investors secure future deals without a huge upfront commitment.🔹 Ideal in Any Market – Whether home prices are rising or falling, lease options allow you to lock in today’s price while benefiting from future appreciation.Other creative strategies—like seller financing, subject-to deals, and the BRRRR method—can also open doors, but lease options remain one of the most powerful, low-risk, minimal cash out-of-pocket ways to build a portfolio.

We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.

So accepting and approving multiple applicants is the norm?

Hey Mike, I know it has been multiple years since your post.

If you have multiple properties i would recomend having at least 5-10k per door in cash, or in easily accessible funds at least.What are your thoughts?

This happened to me multiple times.