This puts your family’s home at risk and is unfair and irresponsible, in my view.The claim that “hard money loans for existing deals are difficult to get” is simply not true.

You are right, when the inspector mentioned the possibility or prior water damage is when you should of had that basement inspected by a contractor/professional and not listen to your agent.Gregg is right, the sellers were aware of some of the damage which is why they gave you a 5K credit. 

Readers should seek professional advice.

That’s why I’m here.I’ve been through different cycles in the industry, from booming markets to downturns, and I’ve always been fascinated by how investors and professionals adapt and find success in any environment.

Yes, you will need a cash or PML to buy the house, but it is true of any real estate transaction with the exception of wholesaling. 

And my IMPRESSION is that with MTR you are getting 1) traveling professionals (nurses) 2) relocating professionals 3) Insurance company temp housing for claimant remodels. 

However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.

As I reside in Palm Bay, Florida, approximately three hours away from the property in Jacksonville, Florida, I'd be forever grateful for any recommendations for local professionals who can bring my vision to life.

This is the value of a TRUE capital partner one that knows development willing to take on some risk for high reward.this is the smallest of 3 I had going with this company..

You could buy 5+ cash-flowing houses and let a professional PM handle the load.