Define your minimum cash-flow to hold this property. 

Unfortunately, Covid decided to change my plans, and I made the decision to hold off, in hindsight it was a huge mistake and no one could have imagined that property values could have increased at such a high rate.

The benefit to this option, however, is that you are able to hold the property in an LLC orCorp and you will not be limited by your personal DTI. 

@David RutledgeGreat move holding onto that 3% rate while leveraging your equity for another deal!

If you have that kind of money you should be closing deals, not wholesaling them.By the way, wholesaling is NOT investing, you're not holding the properties, your trading them. 

@Benjamin Seibert were you looking to flip or buy and hold?

The high appreciation market will be the higher cash flow market over the hold.  

I really advise doing everything you can to be on the same side as your residents and to be aligned with them, but some of them may not hold up their end of the bargain.

If you’re financing, you may need a construction loan or some creative structuring to get this across the finish line.4️⃣ Vacancy Timing – Since you’re using BRRRR, minimizing holding costs is key.

Quote from @Scott Mac: Can the staff force you to do that or hold you up in some way?