It is the opposite...the seller is responsible for ensuring the property is delivered to the buyer in the same condition as it was at the time of the accepted offer.

Also, if we were to sell one of the homes, a way to ensure that any cap gain is split equally.

Overall, learning investing concepts will strengthen my knowledge base and ensure I am always on the right side of the SEC and ethics in general.- Partner with an experienced GP or investor who is interested in taking down parking deals for long term holds.

And always ensure you have legal documentation and even as suggested use an intermediary to have clear separation.

"Flip" to buyer at price based on comparable comps in the proximity of the new buildTo me this could be done in a way where it could potentially be a double close if I am efficient enough.Is anyone familiar with this, and is there anything that I might not be thinking of that could be detrimental to this strategy? 

Having a strong cash reserve (or partnering with someone who does) will ensure you can make it through an issue.  

Always make sure you vet anyone you add to your team, grab references and ensure they're licensed and insured.We have had a good experience referring to City Place Property Management.Best of luck to you!!

We plan to offer some of the units up for STR and are digging into the regulations a bit more to ensure that won't be an issue.

They've all been properly educated on the 203k, had their 203k experience independently verified, and had their financials vetted to ensure they can pay for the start up costs and ongoing expenses associated with rehab loans. 

Because the RE market is an efficient market.