you would need to make monthly payments to the seller during the rehab, just like to any other lender, and then if it were a rental, you would want the rent to cover the payments plus all other expenses.you'd also need to figure out how to pay for the rehab - either out of pocket, or finance it somehow. 

I'm not rich, but I make a very healthy living and I'm around a 7 figure income.

I never got the whole "this will change your life" sales pitch - it is only going to change your life if you put the work in.

I learned this when I bought 12 new builds for GOZONE tax bene's really nice brick homes in best part of town but values just did not rise enough so by the time i had to change everything out and pay sales commish it was break even at best..

@Robert B Azimi If I'm in your shoes I'm meeting with the tenant in person to figure out what's going on.

I believe the property have appreciated in value just based off recent sales in my market area.

We fully furnished the home through FB marketplace and estate sales- nothing high end by any means, but very retro and mid century. 

Do this quickly because some counties have a time limit on when you can appeal.I recommend you research the market for:- Comparable Property Sales- Condition of your property, including anything that may affect your property's value- If you are really serious, an expert appraisal may be worth the effort.

Some of our deals took 1 to 3 years or more but when we landed them ( being that timber is a high profit business) these were 6 figure net deals..

Purchase price: $350,000 Cash invested: $11,500 With the proceeds of the sale of our first fixer upper we purchased this duplex which we moved into one unit and same month purchased another duplex in another town to BRRRR.