Navigating the zoning requirements, dealing with Maryland Historical Trust limitations on what can and can’t be done to the property, and the financial burden of renovating the property to meet these standards have left us trying to figure out the best strategy so the property doesn’t just sit unused.If we decide to sell, we anticipate pricing it at around $70-$80 per square foot, which is an incredible deal for a property of this nature.We’re reaching out to see if anyone here might know of potential buyers interested in this unique opportunity.

Particularly if you move in after using it for investment for only that 2 years you anticipate. 

If it’s worse than you anticipate, you can always back out of the deal.

Graphic projections will be created to anticipate when capital expenses might occur.

Since you have access to a mentor and financing, flipping could be a good option to generate capital quickly, which you could then reinvest in rental properties.Foreclosures: Flipping a foreclosure can be profitable, but it can also come with hidden challenges like repairs that are more expensive than anticipated.

Now, pulling back the curtain a bit, if you act up front as have acted here a service provider will sense that and, intelligently add-on additional "WTF" charges because it's anticipated your going to burn up tons of there time in additional "WTF" items such as demanding to know how many minutes xyz took. 

Now that I have a property manager, I heard the %18 and believed that to be the total expense without realizing the additional (cleaning fee, lawn care, state taxes, pool care), etc...so the effective rate is much larger and my net take home much less than I anticipated.

Lots of variables to take into account here:- credit, ltv, DSCR score (based of rent / anticipated PTIT(A), experienceAre you looking for a purchase or refi transaction? 

We're in Spring Valley close to two hospitals so I'm anticipating we'll have good demand from medical professionals.

.); usually nothing reported to credit bureaus.Risks:Using up the private sources money (tapping them out); The private lender didn't receive their payoffs on other loans as anticipated so they are short of funding your deal(s).