We just built a spec house on a lot that we bought for $175k (which included permits, utilities were at the property as there had been a home there that had burned down) We built a 2350 sq. ft. house and sold if for $675,000.

They get the keys but dont turn utilities to their name, Royalty dont need utilities, right?

Here in Texas renters typically pay for everything - all utilities- water, heat, hot water ect.

Months and months later and extensions and hair brained ideas the deal dies and all that time was a waste.When I ask buyers for proof of funds and holdings and a transaction history some get defensive.

Page Huyette and everyone else,I highly recommend considering going a different route than the SDIRA and utilizing the Solo 401k's ability to invest into your own C-corporation.

Usually, the lots are split and that's the extent of it, the builder has to bring in utilities, put in curb/gutter/sidewalk, etc.

If I want to renew the lease for another term, I have them sign a "lease extension agreement" that lists the dates of the new term, the amount of rent (if it's different), and the fact that all of the other terms and conditions of the original agreement shall remain in effect.

utilities split by 4" in winter time, when bills are high due to use of heater, it is true, but as soon as bills go down utilities become "fixed" all of a sudden for the amount you paid in winter time."

You're basically tying up the property for up to 45 days (or more with extensions) and HUD is only getting $500 to $1,000 in earnest money.

Utilize a RE agent if you must but make sure the tenant is compliant with YOUR screening criteria.