Then ideally, you have already profited $30,000 because you stayed under the ARV.STEP 2.

Yes, HGTV plays a role.

He asked where to sign.These are common scenarios that are playing out all around us every day.

Ideally you want to be sitting at their kitchen table, contract in hand, when the truth dawns on them.

@Padric Lynch  Yes, ideally have the title company handles it all in one transaction. 

I believe the rent is under market, so there would be some play there.  

I don't know about Raleigh  I do it in Portland Oregon market .I looked at some bigger plats in Charleston area.. and determined I would get killed trying to compete with DR and Lennar.. so we stick to infill where they don't play..In Oregon I have been fortunate..

The reason I mention this is that about 80% of startup businesses fail each year.Many dream of opening a business but have never ran one day to day so the ideals they have of what they think it will be do not usually match up to the realities.It's a great idea for anyone wanting to start up a business to shadow an existing owner in the field to see if it is really what they want to do.  

, but no, as long as you play by the rules, it will not "spark an audit."

I deal with several lenders in the NYC and Albany areas, feel free to pm me if you need help in that area down the road.