Asset based loan rather than based on your personal DTI

Based on the information you provided, it would seem like you have no contractural obligations with the seller, and hence no recourse with the seller. 

Based on your numbers, there would be little to no cash-flow (if held as a long-term rental), especially if you factor in the high interest rates. 

Hey Anthony, I am a Real Estate Agent and investor based in Columbus and personally grew up in Cleveland .

I am trying to broaden my knowledge base in as many ways as possible. 

Based on these numbers Cash Flow is $-252/mo 6.2% Cap and -14.2% COCIf this was a deal you were looking at, where would you want these numbers to be at to make it a win-win or would you just walk away from this opportunity? 

We then take the utility bills determine base rate split and usage rate. 

Developer could not complete escrow and property fell out of contract.I need help deciding on whether to try an list again and sell OR to hold and wait out the higher interest market for rates to drop with hopes of higher offers OR to develop the site myself and build it out.

I'm based in Southern California and looking for my first flip opportunity and am open to investing out of state. 

Good evening, I have a SFR in Miami dade county and this is the zoning info from the county website:Land UseMuni ZonePA ZoneGENERALRU-2 5700 - DUPLEXES - GENERALFrom the county website I was redirected to:  https://library.municode.com/fl/miami_-_dade_county/codes/co...and I think the construction of a new unit in the back (There should be enough space)  can potentially be approved based on the exception (3)ARTICLE XV. - RU-2, TWO-FAMILY RESIDENTIAL DISTRICT[19]SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSFootnotes: --- (19) ---Cross reference— Height of fences, walls and hedges in RU Districts, § 33-11; location of swimming pools in RU-2 Districts, § 33-20(c); maximum setback for principal residential buildings in RU-2 Districts, § 33-45.Sec. 33-201. - Uses permitted.SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSNo land, body of water and/or structure shall be used or permitted to be used and no structure shall be hereafter erected, constructed, moved, reconstructed or structurally altered for any purpose in an RU-2 District which is designed, arranged, or intended to be used or occupied for any purpose, unless otherwise provided for, excepting for one or more of the following uses:(1)Every use permitted in RU-1, RU-1M(a) and RU-1M(b) Districts.(1.1)Workforce housing units in compliance with the provisions of Article XIIA of this Code.(2)On lots meeting the requirements for two-family use, every use as a duplex or two-family residence, including two private garages.