Beautiful homes and so cool.

However, I live in sunnier, beautiful San Diego, and the costs are low enough to support financial independence ($1400/month rent versus $3500 in San Francisco). 

While fixing it up with the money they lend me cause that's the beauty of a FHA loan, while renting it and then selling it after one year or two years while doing the 1031 exchange. 

Leverage can be a beautiful thing in real estate but those mean old bankers are trying to keep you from over-leveraging and putting yourself at risk.

He brought equity and creditMy ground team executed beautifully and we all had a great day.. my ground team partner ON TOP of this made 50k running the projects..

They pay us a fee for doing all the work for them, and as a "correspondent lender" giving them a cleanly packaged beautiful loan that was underwritten according to their own criteria, without them having to spend a dime on marketing, processing, originating, compliance, appraising, or underwriting (many end-lenders are so inefficient that correspondent is a better deal than calling that bank or CU direct).Scenario 3: You somehow got it tied up in contract with a 3 month close!

Landlord informs the Tenant that the sewer system of the Premises is not designed to accept many types of items, included but not limited to, paper diapers, sanitary napkins, tampons, and children’s toys, balls of hair, grease, oil, table scraps, clothing, rags, sand, dirt, rocks or newspaper.

its beautiful right now isnt it?

Many "flipped" houses that I see look beautiful but many have issues with major mechanical systems (the proverbial "lipstick on a pig"). 

Beautiful house, and so much hard work you did, congrats!