Keep listening to the podcasts.I am actually curious if you could go into more details on the company taking over the loan payments... i ask because i myself have a rental in my own name, once was primary residence, rented out for a period of time and now that im becoming educated on investing in real estate i want to place in an LLC... still learning all the ropes here.. 

Can he help me estimate property ARV?

@Wayne Brooks I heard that there is a tax lien unit within the IRS and I'm considering contacting them to get details.

The investment banker mentioned that the tenant can/will take over paying the mortgage, but I don't really know the details yet and what is best - for me and the prospective renter/buyer.If we don't do this rent-to-own deal, I can get a tenant in within one month. 

Unfortunately I made all the mistakes of not having a new contractor sign a detailed contract and we gave him draws before verifying work was actually completed.

@Stanford Neal Mead can you provide more details about the area of town?

Does that estimate sound about right?

Hi AllWould like to share this with fellow BP members.This is a property I just purchased, this will be a buy and hold and look at perhaps flipping next year in spring time.https://www.realtor.com/realestateandhomes-detail/...This was purchased for $61,000, with a rental estimate of between $1000-1100.End values for a nice rehabbed home in this location will fetch around $150,000Location is Bagley in Detroit, it is an up and coming neighbourhood with high demand, I expect prices to continue to rise. 

Without getting into the nitty gritty details of this particular deal, I generally would like to do know what type of loan is best for the initial short-term loan in a BRRR deal.  

DFW is growing and it all hinges on when/if that growth will stop.2017 DFW added 32,000 new rental units (Source)From June 2017 to June 2018 35,000 new homes starts (Source)2018 DFW has issued 19,000 new permits for rental unit construction (Source)The last of these sources from Texas A&M gives some great detail on market absorption of the new units and demand/vacancy rates.