Therefore what lender did you initially go with to get your FHA loan (before it was sold to Wells Fargo)?

I was leaning just LLC initially, and sounds like that's the right way to go.

In regards to wholesaling, I feel like the lack of understanding when it comes to the contract process as well as the way the payment transaction is handle is holding me back from initiating deals.

On today’s show, we hit both of those points hard when we sit down with Sam Craven to talk about how his wholesaling business generates hundreds of thousands of dollars each month in revenue — and the mistakes that led to him losing over $750,000 from his rehabbing business.

I would like to rent it possibly, to keep from losing money on it and maybe generate some cash flow, but I'm not sure it's possible with the HOAs.

But a lot of those initial high looking returns get eaten up really quick with higher maintenance and higher turnover.

If the property is at least 80% tenanted, then you have something to show the lender that proves the property is generating cash flow.

I hired a private adjuster as the initial claim came very low.

Personally option 1 feels more like a year round business if that is your main focus to generate income.

I am worried since I got 5.5% - 6.5% rate based on initial estimate.