And, if the money is borrowed and you lie on your loan application about that (they will explicitly ask and you will have to explicitly lie if you want the loan) then you're committing loan fraud.If you have to turn right around and sell this property for some reason, I,as the lender of the 20% down, will suffer a 50% loss. 

.$12K turn on large home, included new high quality carpet and full repaintHere lies the major deviation: Property type matters.....I have NO LARGE HOMES, I install NO CARPET.  

You could test the waters with one or two rehabs, see how they perform, and then decide if a full transition makes sense.Leverage Your Skills:With your contracting experience, you can save significantly on rehab costs and add value quickly, which might give you a better return on investment compared to the time and effort spent growing the IT business further.Final Thoughts:Ultimately, it might come down to where your passion lies.

Should I have agreed LOI terms with all 3 properties and sort of "lie" that we intend to use them for our contract even though we are only choosing one of three?

Anyone who tells you with any certainty what the Fed or Jpow will do is lying.

Even the people you think would never lie or walk away from their responsibilities still do from time to time.

@Aaron Laprade we have had great success in the Red River Gorge in Kentucky.

Bigger Pocket is a very good platform to find people to help you. if you have half a million lying around, then I would say spend some money for these courses. 

If you are in too low lying of an area, it may not be the wisest long-term play (unless we start building dwellings under water!)

I'm not sure if you think I'm lying or what.