Depends.

Depends on whether you're talking about conventional or nonQM financing.

Review your contract with your agent but on these instances yes you can back out but again it depends on what the contract statesThis will be a great example moving forward with agents and the good buyers agents working on behalf of the buyers

DSCR will probably need to be around 1.1-1.2 at a minimum, and 70-75% LTV is common depending on credit.Hopefully that helps a bit, feel free to connect if you have any questions!

It also depends on if your itemized tax is higher than standard deduction for you to write off your real estate taxes...Bottom line, talk to your CPA on this since this seems more like a tax question than an asset protection question.

Also discuss with the contractor the time expected for the project if its small, mid or large and if it needs permits and how long would it take for permitting and all, also payment terms, make sure you go with payment terms that are fair to you and the contractor (so many terms but most common is monthly based on completed work with an upfront for materials) and ALWAYS keep the last payment until project is closed (retainage) and you do your walkthrough and if there's any issues you write them down and provide the contractor with (punch list to release the retainer once they're corrected or fixed). read about how to deal with contractors and always ask for references but it really depends on how big the job is, personally I wouldn't spend too much time doing due diligence on small jobs such as door latches or shelving rather on additions, layout change and other scopes.Good luck!

.- Hard Money lender: 90% purchase LTV, 100% Rehab, 11.5%, I/O- Commercial Line of Credit on the funding gap: $13.6k (DP), $12k (CCs) , $15k (Rehab 1st phase) + Carrying Costs = $50kProfit will likely be $15-20k, depending on the rehab and sales price.I continue to learn from others and have gained my experience over the past 18 years as a RE investor.

The other 100K of gain's tax rate depends on where his other income is at.

but what you do all depends on what it is refrigerators waiting typically isn't an option.

So, depending on your acquisition price, maybe you can put in some extras but I would highly encourage you to base your decisions on what your comparable properties show.Hope all of that makes sense.