You ought yo gigs out how long the statute runs.It is possible that your QTA Could wake up a sleeping dog who bites.Therefore, until competent legal counsel reviews the facts and circumstances it will be difficult to assess the likelihood of shooting yourself in the foot. 

It really depends on all of the facts and circumstances of the offering.  

Chris Gerenser it all depends on your strategy but buying a property too close to market value can put you in a serious bind if you had to sell for unforeseen circumstances.

But it's all about your intent at the beginning and intent can change with circumstances.  

But there are always circumstances where more or less might be appropriate depending on how you can demonstrate your "intent".Both practices can coexist in your business model.  

I think it is good in those circumstances where you know that most of the neighborhood is going to hit your criteria (war zones for examples where all of the houses need some love).

I neglected to mention that if we flip the property the holding costs will be $4464 based on a six-month holding period.

If you get another renter in quickly, then refund her for the days when the rent was covered by the new tenant.Forgive her of the early termination penalty only if there are extenuating circumstances.

Birth of an idea:The house we're in was a foreclosure that sat neglected for a couple years before we took it on. a 203k loan, and much work later, we moved in and absolutely love our home.

I am going back to the states in a few weeks and am going to try to find some local banks instead of BOA, my long term bank, who can't accommodate unusual circumstances for a cash out refi.Best, W