I'm looking to hold these properties for the foreseeable future.If profit in cash, is that rolled in total into the next BRRRR or do you eventually split and do two at the same time, or perhaps do one and then grab a second say 60 days in, etc.I apologize if this is all over the place.

My total costs for the project was $155,100.

I want to do a Home Style Mortgage on this property to cover a total Kitchen rehab.

You're probably totally fine to do a lease option. 

., Account Closed  Dave, you guessed right.  6 homes total. 

Current expenses provided by seller:3000 tax3200 insurance6900 utilitiesI add in 3000 for repairs (5%) for current 8 units, 1644 for vacancy (5%), and 3288 property management for a grand total of 19729 operating expenses.

The busts still have the sharp down turn compounded by a lack of credit that so many relied upon in the good times. 

So if you think about it, overall, it's totally unnecessary make work all around, for you and the tenant, a total PITA.

You know that letter got thrown in the trash and it was a total waste of your time.

Do not rely on the internet if you choose to explore such a strategy.