Of course, the only way to prove this (for or against) is reply to this post in a years time.

Tough to spend $50,000 or $500,000 on gas and groceries.   

However, according to my property management company, the co-signer is required to prove 5 times income to the rent, which is $13500/month.

This is tough.

I think using a value outside of that is going to be tough to defend if you are doing a cost seg, which already attracts quite a few audits.  

If possible, I always recommend using your own capital starting out to prove process and concepts before taking hard money for flips.

If the tenant purchases prior to the PPP term, you may be in a tough spot.

However, the City initiated the “Buy Into Baltimore” open bid program (which we’re interested in participating) through which you can bid/buy city-owned abandoned/vacant properties for redevelopment/resale.The problem is, there are so many blighted neighborhoods in Baltimore, it’s tough to know where to start.

This deal proved successful with a rapid same-day sale.

Even with 20% down I'm having a tough time getting it to pencil out with current inventory and rates in these areas.