Cap rates have gone from 3.37% to 5.18% over the same time period.

My advice would be is to talk to multiple investors who have real world, actual success-based experience in flipping over a sustained period.

In our experience, things move in ebbs and flows and the speed of rental depends on your asking rents relative to competition.For example, there was a period of several months at one of our properties when a 3 or 4 BR unit came on the market it rented almost instantly. 

The option period is for 3 years.

Excluding the periods of “tulip bulb” irrational exuberance, a property must produce enough of a risk adjusted return to satisfy both the ROI demands of the “limited partners”, and the income/time requirements of the sponsor.  

It's working out ok other than some latent defects the seller hid from me and my inspector during my due diligence period.

Think big picture.Consider all the benefits of the investment over an extended period of time and get started!

Many trials and tribulations are now behind you, and you deserve all that is now coming your way for your hard work and perseverance. 

However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows:Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN.

Abandonment: If the GC stops working altogether for an extended period or doesn’t show up, then the project can be terminated.It’s best to communicate contract termination in a written way via certified email.