Our lease contains a clause stating that any unpaid debts will be turned over to a collection agency and the debt can be placed on their credit report.2.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.

I know it’s no longer legal to do wholesaling in SC but let’s say you have the money to buy the property and you can turn it around.

My wife and I have obtained three traditional loans and one lease with the option to purchase, resulting in most banks turning us down based on debt to income (non-portfolio lenders). 

And if the deal itself isn’t solid, no contractor can turn it into a win. 

I myself have been a Licensed Real Estate Agent in Southeast Michigan since 2021 when I turned 20 years old, and have took a bit of a hiatus since now to finish my Bachelors in Business Administration.

This advice is also assuming the deal is turning off some kind of cash flow or at least drawing even after all expenses.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.

I think this discussion becomes a lot more nuanced on single family homes because they typically are situationlly turned into rentals like yours in nicer areas.