That is the only time I have ever heard of a required waiting period.

Rarely does an exterior street observation ever tell the whole story. 

If I ever get the opportunity to buy homes cheap in a refinery town, I'll do that too.

Let us know if you ever do make it to town! 

And unless  there is a lease you can raise the rent to what ever you want 

sure thing.your developer/buyer/builder is going to need to pay out side consultants to prosecute the subdivision plat.. this may include among other things the following depending on jurisdiction:survey workengineering worksoil  testinggeo tech reports.city and state applicationsetc etc.. you want it in your contract that when this developer pays for these items.. that they are also your property.. in other words if he does not follow through he hands them over to you.. because these items are the property of who ever hired the consultant you have to specify in your contract that the buyer if they don't go through with the deal will hand this stuff over to you.this will help U resell if needed or prosecute the map your self without having to pay for these things all over again.

We understand that most fix and flips are cash purchases or shorter financing such as hard/private lending, but are having trouble trying to understand if other investors ever use conventional loans to finance a fix and flip.It would be great for us if you guys and gals can shed some insight on if conventional loans are really ever used for fix and flips and if so what are the benefits and drawbacks vs. hard/private lending.Thanks for all the help!

Do they ever require an upfront fee?

Both NC and FL are pretty large states. 

I’m new to truly investing but I have been around all types of projects.The first construction I ever did was to renovate my mom's unfinished basement and turn it into a recording studio.