If I’m going to do this long-term I think the knowledge is probably more valuable than the extra rent of getting it done quicker.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

That’s a good point on adding a percentage of the profit to the lease.

I thought the deal was good at $115K so you just made some extra margin.

Even asked him to make an extra trip to complete my wife’s esthetician’s room before I was ready to complete the rest of the basement.

We also charge an extra amount that we give back to them for closing cost if they're able to close at the agreed upon date.

Re-use same funds from first property so No new Fees and no added interest on loan.Third Property:HELOC - Pay back debt.

I'd be very confident offering lower than you normally would on these because of that risk added to the fact that materials for repairs will be more expensive in the short term due to lack of supply.Please keep us posted on what you learn and how this works out!

Great work @Jay Ragland. 1 or 2 things i would have done differently or added to the interior but otherwise a very impressive rehab.

How can I work around this so that the seller is able to have an extra month after closing to move to a different place to live?