An unlicensed owner trying to pull a fast one would require lawyers to prosecute. 

The other is whether permits were needed, and if so, were they pulled.

From my opinion, the pros and cons of each areOpportunity Zone FundPro:I can pull out cost basisAfter 10 years capital gains tax is reduced 15%Capital gains of the investment are zero after 10 yearsOnce the property is developed, I should get a regular stream of dividends until cashing out in 10 yearsCon:I may have a 2-3 year wait until the Fund generates incomeFunds are pretty much locked in for 10 yearsReturns don’t seem to be as good as a rental property 1031 ExchangePro:I can exchange into properties with better cash flow and collect monthly cash flow immediately I have a tangible property rather than a fund which can be mismanaged I believe my monthly returns will be higher than an OZ Fund Con:Capital gains (depreciation recapture) continues to buildNot as passive as an OZ Fund I’m wondering if I missed anything?

You can refinance after a few months and pull those funds back out to give you a better ROI.

@Stephanie P. got it - I will use google, what I have been working on is an excel sheet where I pull eveyrthing together, and tried to calculate the mortgage there, but something is off, so I will use google going forward. 

If at some unlikely point in the future the tenant complains of stink, get ready to pull those planks up and scrub the mold off them, usually with chlorine bleach, before drying and reinstalling.

examples: Type/Size of house - (so we know what you flip using this kit)Paint color/brand indoor-Paint color/brand outdoor-Flooring type/brand -Cabinets type/brand -Counter top types -Pulls (style, type, etc.)

Hi Marcus,I would pull some comps and give them a fair offer.  

(More than one question I know but they pulled up so quickly)

Probably would need appraisal at around 175k to pull everything back out to be safe.