you could but...you'd be committing fraud doing so.

Considering you're looking for passive income, the BRRRR strategy could be a great option...unless you can easily/quickly flip the house for a good profit.One thing I learned the hard way is, commit to a strategy before you start.

We are committed as a couple to invest in real estate for the future appreciation and cash flows whereby we hope to retire early, enjoy a nice lifestyle, and not be entirely dependent upon retirement accounts, etc if we stop working. 

MrS has not committed to a number but when we talk about the first time home buyers market he's been receptive.

This is not a commitment to lend

Or pay a much smaller flat fee for the work the PM does to get written commitment for an additional term.As others have said, every PM's fee structure is different, but one way or another, you are paying for all the services they are providing you, all the work that goes into it behind the scenes, however it is packaged.

Rates may even go lower in October... work on the FICO score by paying everyone on time, pay down balances to less than 68% of the line  This is not a commitment to lend, rates change daily, equal opportunity lender

In general the lower the tenant class the less time you want to be committed to them in terms of a lease term based on market conditions though that may or may not make sense. 

This definitely sounds more like a lease option with you saying you would commit to exercising the option later on. 

We are seeing some growth here so commercial development is prevalent.