Hopefully in just a few years the cash flow can help fund your Primary rehab and enlargement.

And make sure you live in that 1st house so you're close to and can address problems as soon as they appear. 

The description states the property is "ready for rehab and development".

In the last 5 years, we've invested over $300k of savings toward down payments and rehabs. 

Hopefully, some of the lenders posting here can address that challenge...

Some old Milwaukee sewer laterals have tree roots that like catch on to stuff.We also eliminate garbage disposals during rehab and normally we have someone from our team check out issues, before we send a plumber.

Do you have experience at new construction or rehabbing?

That is actually still challenging enough, as many clients have told us - in hindsight they were glad we talked them out of a full-blown rehab.

A quitclaim deed is a straightforward way to transfer ownership, but it doesn’t address tax issues.

I only bought sub to if there was enough equity day one to either flip with no work or there was margin to do a rehab and then sell..