@Ashish Acharya, @Nicholas Aiola, @Dave Foster, @David Orr, @Jason Watson, @Natalie Kolodij, @Bernard ReiszFriends, based on my prior failed attempts to address this issue offline, nobody really wanted to hold this hot potato in their hands.

Hi there,Just wanted to hop on here to share my experience with Open Spaces.I had wholesaling and flipping experience prior to joining Open Spaces- but I never held on to a property to BRRRR prior to joining the group.

You never start renovations prior to closing.

I had it prior but had to make a career choice about 5 years ago when I was working for a dealership because it was too time consuming to keep it open. 

I take 1/2 total upfront and balance due 60 days prior to arrival.

I have a 9-5 that I want out of but want to secure at least my first property prior to leaving it.

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

If that is the case, to understand this you have to look at the previous year's taxes for valuation - especially what the taxable value was for the prior owner.I suspect this is very much a first time buyer's issue - where you weren't expecting the increase, but typically there is an increase to market value.  

The ones that do ask you for a budget will scrutinize your planning and make sure they agree with your numbers prior to issuing a loan approval.   

The buyer requested a transfer from his job to the city where the house is but now the job wants him to start work next week, I told him we can probably let him and his family occupy the property prior to the closing date.