Do you owe them interest on that money?

Hi @Rita SamaddarI recommend areas based on three things:Budget: Knowing your cash to close helps me suggest the best areas, especially if you're using a hard money loan.Rehab Level: Whether you prefer low or major rehab impacts the neighborhoods I'll recommend.Market Dynamics: Areas with minimal days on market are ideal, as they predict how quickly your property will sell post-rehab.In conclusion, start with how much you have to work with and the level of rehab you're comfortable with to find the best areas for fix and flip.

You both end up with property held in an LLC without losing money on agent commissions, taxes, etc.

What @Tim Baldwin said.Otherwise, spend some time figuring out how to edit your existing lease to make it MTM.FYI - our company lease is setup to be ANY lease length by just modifying the lease term.

Purchase price: $1,170,000 Cash invested: $900,00016 Unit Value-add property we significantly renovated spending $35k per unit doing interiors, exteriors, and amenities.

We are both motivated, but seems like there are too many options to choose from, I feel like storage for boats/cars/RV’s is my end game, so I can spend my days fishing lol!

Purchase price: $146,000 Cash invested: $42,100 Bought through hard money.

We agreed on a purchase price of 105,000, got all agreements signed, but no mention of rent increase, or warehouse money in the agreements (shame on me, shame on them).The leases came due between me viewing the property 6/1 and accepted purchase agreement 6/26, I saw the updated leases when the lender was wanting them, and noticed the brothers lease stayed at 700 while the other was bumped to $800.

They will probably file a memorandum that prevents you from selling without giving them a substantial amount of money.

Have you considered using the BRRRR method, and kicking off things with a hard money loan?