Going down the Tiny home path is more like starting a new business than RE investing in my mind. 

If they don't approve the project, all the time and money spent chasing it yields no return.3) Market Risk: The market can change during the entitlement process, which can also work in your favor like it did for many Developers in 2021.That's why knowing your municipality, understanding their processes, and making wise decisions in selecting which projects to pursue are crucial.Success in development requires choosing the right projects that 1) meet your criteria and 2) have a promising path to approval.The good thing is that this risk is compensated by having a higher return.

It seems like it should be a fairly straightforward answer. 

If the process is straightforward as you say, I’d start the eviction process right away.

Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.

I didn't get my money's worth from MFM.Update: Nov 2024- they have restructured their program to have 3 paths: acquisition, capital raise, or underwriting - and have a 12-class program for you to follow for each path (what happened to asset management??).

As a young real estate investor, there are a lot of paths to choose from, and it sometimes feels a little bit overwhelming to decide which one to choose.

Thank you for reaching out, this post may have been the tipping point for the path I'm going to take.

**Expert Guidance:** Working closely with the Renatus head coach proved to be a better path for me.

Your best path is to work through your contingencies, provide loan commitment asap and then ask the seller.