You can use the proceeds from the bridge loan to cover the down payment and closing costs on a new property, which enables you to buy a new home before the first one is sold.

Trying to navigate the potential of investing out of state (plus the fact that I’ve not yet purchased investment property).  

Builders are offering lots of incentives right now in the form of permanent rate buy downs and closing cost incentives.

•Criminal penalties: Potential fines of up to $10,000 and imprisonment for up to two years for willful violations.Therefore, it’s crucial to meet the filing deadlines to avoid these penalties.As Chris mentioned, completing the BOI submission process is straightforward.

Could I go after his mother for these costs? 

Would only do if double your $21/1,300 sqft annual revenue after costs.

For example a quick close to lower his carrying costs, paying his closing fees, etc.

If the property contains a residential structure, you can do any necessary repairs to make the property habitable (but not upgrades) and the VALUE (not the cost) of those repairs is an additional charge if there is a redemption.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kFeature sheet: https://drive.google.com/file/d/1PMMTCmYptc1Jiy14MgAImJyiiEonebQl/view?