It highlighted the importance of strategic planning in quick-flip scenarios.

It sounds like you’ve got a solid plan in place with the bank refinance to secure long-term financing.

(https://www.biggerpockets.com/business/finder/lenders)Biggest things to ask, is 1) to make sure they can use HELOC funds (usually they just want to see them in an account first) and you should be fine. 2) Make sure they are okay with purchase prices below $100k on a rehab (and total loan amount assuming 20% down).

Your father-in-law will want to minimize his tax liability on the capital gain and think about how the sale fits into his estate planning strategy.

If so, they may have a business relationship with a title company already you can leverage.

Purchase price: $400,000 Cash invested: $20,000 Sale price: $620,000 Bought near a private university with the plan to live in it before renting it out.

Partnering with others can help you scale your business and access greater resources.

She’s currently not paying rent, and while she has some health issues and no stable income, she’s been communicative and open to general talks, with a possible option to vacate through a cash-for-keys arrangement, though this might take around six weeks and some hard work.I plan to rehab the property and eventually rent it out, potentially to a Section 8 tenant.

Anything you do remote will come at a cost of operational inefficiencies and a higher cost of doing business.

I plan on mailing the letter certified and I wanted to know do landlords also call the tenant as a courtesy to let them know about the letter.