Rentals will not be my only source of income for the next year—but I want to get close to it being a significant source by the time I graduate LSU in the fall.

The property sat on the market for a month before an offer came in, but the buyer backed out at closing.

I don't think it will cash flow as a LTR or if it does, it would be close to break even.

That's the only way you will know if it's legal.In a true wholesale deal you are putting the property under contract, then either assigning your contract or double closing. 

Lots of valuable insight on this thread already..Since you are an agent, you are in a good spot to source, close on, or sell potential BRRRR deals. 

We closed on the construction loan June of 2021, the permit came through Nov of 2021.

For a hard money loan, you have to close in an entity, it also helps with your credit being the mortgage is not under your name, with a 700+ credit we can usually get you 80% LTV on a purchase.

It was probably close to zero per month.

Not including closing costs. 

Hi @Cindy Chan,I work very closely with @Ryan Hall, his work and communication is phenomenal.