Either they choose to move out or you get paid for the “hassle factor”.

from your experience do you know if appraisers would choose closer comps but adjust a different search criteria such as a lower br/ba criteria and adjust the arv by 5-10k on a lower lower room or bathroom count or would they prefer a property further out just to match that criteria. this is probably a case by case basis.

Also, if you're working with a local bank, theyre likely choosing not to originate  Conventional loans for investment properties and to only offer commercial loans that they hold on their balance sheet, which are subject to their own internal credit policies.

It binds the landlord, but honestly has little binding effect on a tenant when they simply choose to leave.

Remember, this is still a sales type of business so be very careful on who you choose to work with.

You’re in the right place to learn about real estate investing.House hacking is a great option if you choose to invest locally.

I would definitely choose option 2, what type of creative financing are you talking about? 

•Do you have a safety net to weather potential slowdowns or unforeseen issues if you choose to BRRRR?

Talk to a few local banks and get preapproved - the best financing will be for properties you choose to occupy, so I'd recommend getting something with at least two units.

you choose one pay for it and they provide them.What I found out is they just send over the plans with no updates to current codes so we submit then and get check sheets sometimes 3 or 4 and takes 90 days to get approved instead of them understanding the new codes updating the plans before giving them to us.And to be fair to the architect we can send in the same plans and depends on which examiner gets them some will fly through others come back with check sheets that an examiner frustration issue.