And the rates are coming down, wait for a better sale price when is completed.

It's worth mentioning that these deals are not consistently listed online or in real-time.To succeed in this field, it's crucial to build strong relationships with brokers and ensure that you are always on their radar.

If you're effectively filling orders for a legit buyer then wholesaling to them becomes a straightforward matter.As was already mentioned, however, you may be best served not focusing on trying to wholesale and instead buying the land at a steep discount and going straight to the retail market.

Hey Trey - Seems fairly competitive especially with the pre pay as others have mentioned. 

I would not do a lease option as a buyer as others mention, but also if this is written the way you wrote it where its interest only payments and you have $1M debt - it does not matter what its called the courts will look at this in the same instance as a mortgage because of the substantial down payment and their is debt.

As @Justin Delahoyde mentioned aboove, the costs for an LLC can vary depending on where you live.

In other words, should I wait to pursue a BRRRR project until I can qualify for the refinance or are there ways around this hurdle.

You mentioned that the eviction process 'has begun' so, you should contact your attorney (preferrably the one you will use) and double tap and verify that what I said is accurate and if so, then go ahead and re-file for eviction NOW as 'you vs. tenant' --- of course you will need to let your PMC know before you do that, to keep them in the loop.

I also like the house hacking idea you mentioned. 

He mentioned he just "doesn't want to do it" and would rather just get the cash from selling them.