The rehab took a lot longer than what I wanted, and there were a few things that we hadn't accounted for, but we officially finished in February this year. 

I did some extensive work within Sec 8 and the HUD Lease Option program, at the national level, attended in connection with NAHRO, the National Association of Housing and Redevelopment Officials.

Now officially my first rental property.What made you interested in investing in this type of deal?

Therefore, I think you'd agree with me that it'd be silly to discard deals in which developers would do the right thing towards their buyers by offering larger discounts.On another note related to your reply, you've mentioned a few times that you have an "internal MLS" I guess to make up for the lack of an official MLS.

I have not had an official appraisal but two of my neighbors sold their homes recently for 260k and our houses are identical in layout and square footage.

3- To record incomes and expenses correctly for tax issues, do we need to make an official contract for the renovation (between the LLC and one of the owners), or is simply issuing invoices and receiving payments in the LLC’s bank account enough?

If the seller's agent gets my official offer as an unrepresented buyer they still have to legally show the buyer right? 

I currently live in lawrenceville, ga but I'm going to move to tampa, fl. I work for an automotive shop and get paid flat rate so my pay fluctuates. I am going to rent first then buy after 2 or 3 years. I am currently...

It did come in the bank's official envelope, so it can't be some scam letter, as that wouldn't even make sense.I haven't talked to my attorney yet.

Then I was sent an Official Approval Commitment Letter with the exact terms Which were acceptable to us, for this deal.