DPOR only has the power to sanction licensees, so what can they really do to you other than ask the state to peruse criminal charges.

@Joe Villeneuve I am not arguing with the power of leverage. 

We are now one week into the rehab as I type this.Current BRRR Numbers:Pre-closing Costs: $2,740Plumbing inspection (because the house needed to be dewinterized, $150)Home inspection ($525)Appraisal ($655)Electrical inspection (because power was off on the day of the appraisal, $150)CO and Smoke Alarm ($366.57)CO and Smoke inspection ($52.50)Rehab consultant ($840)Kitchen Appliances: $2,000 (estimated)Plumbing: $7,300 (estimated)Oil tank ($1,800)Water heater ($1,000)Chimney liner ($2,000)Re-piping as needed ($2,500)General Contractor: $32,000Roof replacementDrywall patching and painting of entire house (trim, wall, ceilings)2nd floor bathroom spruce-upClosing exterior door in master bedroom and finish sidingBuilding two closets in two bedroomsBroken window repairsWindow frame repairsScrape and paint area over bulkheadFinish floorsRemove and dispose drywall from basement spacesRear deck repairFront steps repairInstall handrail to basementFoundation masonry repair and paintingRepair cement stepPatch area of exterior trim near kitchenPatch two rotted window sillsCap extra basement doorFill in dining room windowAsbestos: $1,500Electrical: $2,000 (estimated)Closing Costs: $3,733Home Purchase Price: $149,000Total All In: $200,472Expected ARV = $250,000 (initial appraisal for rehab loan came in at $235,000)Amount I have invested in the deal = $50,000Expected Cash Out at 80% = $50,000The situation is still very fluid, as we still have at least three more weeks of the rehab in front of us, but the numbers thus far are still looking promising, despite all of the surprises.

Do they have any decision-making power or involvement in the process?

I'm currently looking for options to expand my buying power and in turn scale my business. 

As you do more of this stuff, you'll find that depreciation is very powerful and is an excellent tool for limiting your tax liabilities over time.

I never heard of executing a Power Of Attorney to the realtor.

Your definition of fixed, determined from the local comps.Blueberry power!

So I am in the middle of reading David Greene's BRRRR book, and I have a question about buying property with Cash vs buying with an FHA or conventional loan and then refinancing after rehabing and renting the property out.Obviously cash gives you greater buying power (buying right is the most important part). 

I LOVE the idea that it requires ZERO amount of my own money and using the power of GOOD debt.