Having the ability to live for free, while minimizing the taxes on my W2 income.

Even though we were disappointed that the rehab was not complete, we thought, the rental guarantee will offset the construction delay.

So minimal impact to credit during the rehab process.It appraised for $173k after rehab, refinanced and paid everyone off including the seller, and walked with cash to do my next deal :)

If the guidelines are clear before they sign the dotted line, there is a mutual respect, and a good vetting process is performed I think I can minimize tragedy.

You'll likely pay high premiums, face lots of claim denials due to "pre-existing conditions", and deal with service delays.

I had been naive to believe him and thinking that all the delays might have been due to COVID.

@Thomas Sheehanonly you can decide what makes sense for you financially, but I would not put $200-250K into a property to generate minimal cash flow. i look to minimize my outlays when I purchase.

You can either immediately refinance if you paid cash which is called delayed financing.

Hi Tanya, Sorry for the delayed response, new to posting here!

If not, then you are not responsible for the delay.