You could setup a kitchen and bathroom remodeling business in the area you are doing flips for additional cash flow to your business. You are already doing kitchen and bathroom remodeling in your flips. You could offe...

I will layout some information below and I am all ears to advice from there.Current savings: $12,500 (with the capability to pull funds from an IRA if need be)Currently working with a realtor I've worked with before in my rental market who is also an active investorI have the proper steps completed for a DSCR loan from a company found right here at BP and the process was smooth. 

., at least a x by y inches box in the top right corner left blank for use by the courthouse staff who will actually record the deed).Once you have a proper deed document, ready for the seller to sign, you'd need a way for them to sign it before you give them the money (again, with the correct number and typeof witnesses/notary).

A lot of my clients are local investors who are split between shorter term flips and longer term equity building.If you go the 1031 route be sure to have a solid idea of a few things you want to replace the condo with.

My question is this: would it be a good idea to create a simple document showing the year and rent increase and go over it with the tenant? 

Heck, they're bad ideas half the time for people that do. 

Google maps is my go to for getting an idea of the property and the neighborhood. usually a couple minutes will display the condition of the area and neighborhood.Also, if you are working with an investor focused realtor usually they can book a showing for you and take videos of the space and any concerning items.

Can someone give me a better idea? 

@Joy Lee that sounds like a great idea!

This all seems like a bad idea for most private lenders let alone novice ones.