Planning to buy it now, rent it out for 4-5 years and sell it when its time to buy the bigger house.Do you think its financially wise to go through this process before the big house purchase?

Me: For new business relationships I insist on a face to face call to help with our DD process and to match faces to names to you ID etc. 

If you plan to be there at the property for the entire rehab process, then go for it.

So far just finalizing the purchase process and I believe I've adhered to all of the requirements thus far.

Do you think we should structure it differently?

According to the managing broker, if I put my head down and worked, I could make $15,000 in my first 12 months, give or take, because of the process of getting my foot in the door with meeting people, advertising, and so forth.

How does the process involved in paying off the superior lien work?

However, getting from simple Phase I/II due diligence to developing a remedial plan can be a large and complex process and costs would have a wide range until more is known.

Anyhow, i have a couple more days to appeal, and am in the process as we speak.

During the build process, money is spent but income waits for the unit to be rented after completion.