High chance of failure and ruined friendship, low chance of success.

For some a flip is great and others a flip could ruin them.

Almost nobody knows the comps for their cell service, their car insurance, or their health care insurance.2) make sure they are on MTM or when their lease expires, until there’s nothing you can do. 3) find out the local/state requirement for notice to increase rent, maybe go even farther out to avoid a winter vacancy  4) be financially prepared for the tenant to move out and spending thousands to make it ready for the next tenant while it’s vacant for a month or two (especially in the middle of the winter.)5) be absolutely confident that you’re right about market ent so you don’t spend thousands lose rent to vacancy and possibly get a lower quality tenant to make an extra couple hundred per month.

But what pisses me off... is thet when someone does make a deal using those strategies they gloat and brag... which does damage... but no one that fails, or struggles will proud;ly and openly make everyone aware they failed.For every one person that does make a deal doing D4$, THOUSANDS do NOT!

That could get ruined fast.

Even if I were found guilty, the cost would be in the thousands, not in the millions.

Would it be worth a couple thousand to get the realtor involved in the process? 

ARV value for the home will be conservatively 200 to 210 thousand.  

I hope im not being naive and making a decision that can ruin me.

So this can cost tens if not hundreds of thousands before you even break ground on building.Id get a great local realtor, a lender who specializes in these types of new con projects, an architect, an engineer, a builder/contractor who has the skills for a project like this, become close with the zoning department, the planning and building departments, the inspectors, and all your neighbors so you can have people on your team as you embark on this journey.