When you meet someone doing what you want to do and is very encouraging about the possibilities, it really makes you think and ask yourself, "what are you waiting for?".

Further, Reg D 506 C offerings can accept new investors money right away, while other private placement exemptions require a 90 day waiting period for investments from investors with whom the sponsor did not have a prior relationship. 4.

But my realtor said they are going to do special assessment on this property and HOA runs badly. ( We requested HOA reserve document but no answers. ) We wanted to wait to see how special assessment going and close. 

Should I wait it out?

If so, youll want to do the calculations if it makes sense to immediately refinance or wait the year until the penalty goes away. 

So I am at the mercy of that person for basically EVERYTHING.I am still waiting on that payoff amount 9 days later and am up against a clock where they have scheduled the home for sale at auction come March.

I never understood why people would have a flip, boost the value by tens of thousands of dollars, then sell it as opposed to keeping the equity and putting a tenant in there. 

That will be a determining factor for where it makes sense for you to purchase.Regarding waiting - bear in mind a lot of people were predicting rates in 2024 would be in 5% range or low 6s, which didn't turn out to be the case.

Throughout this entire time, I waited tables and bartended at night to pay rent.

They'll run your credit and b.g, (I always get this upfront because it's best to know this right away so I always ask people what their credit is and if they have anything that will come up on b.g. report.While waiting for the Appraisal we'll get the title docs back, once the appraisal comes back and the as-is and ARV values are solidified the terms of the loan are also set.