Just love to see how deals are viewed, as I have been told by partners and colleagues of different numbers pertaining to a deals MAO.Interested in picking your brain sometime whenever you are available. 

I landed off of Highway 64 between Cashiers and Highlands - so good proximity to both without a daunting drive to get to a great view. 

U want an attorney NOW to explain to you in detail the laws surrounding how the mechanics work.

@Nick Rivers I would HIGHLY recommend walking through an underwriting exercise with someone 1:1 that already does the type of U/W on a property type that you're interested in.

The property, though is not beach front, nor does it has ocean view, is just a short drive from some of the best beaches in the west, which are great for surfing, snorkeling, SCUBA diving.

U dont get the reality of it till it hits you..

The property, though is not beach front, nor does it has ocean view, is just a short drive from some of the best beaches in the west, which are great for surfing, snorkeling, SCUBA diving.In the 1.21 acres there is a main single family home (4 br) which was divided in two sections one of which is being rented.

Went and viewed about 10 properties, made an offer on one without a buyer's agent, so that the selling agent would double end the deal and they accepted a below ask offer at a time when prices were climbing.How did you finance this deal?

Overall not terrible on your first BRRR, but the cost of the reno is almost the same there and the same in the Heights, West U, etc., obviously the barrier to entry is different but so is the ARV.

U may want to talk to your account rep and get a clarification of this. whole notes it appears they do assign 100% interest to the investor .. and in my mind that is the safest way to do these.