2) What methods do you use to determine a comfortable number pay the lessor per month while leaving enough  wiggle room to pay mortgage, cover for vacancies, repairs, taxes while having a good cash flow left over with the intent of saving this to use for the 20% down payment when the option is exercised.3) Would you pay for an inspection up front before the contract is signed, or wait until it's time to exercise the option?

My question is that we are really looking for flips at this point but due to potential cash flow of this property, which i have yet to analyze, do yall think this could be a good candidate for the BRRR method or are there things i need to consider first that i may not have thought of yet?

However, we want to refinance right away, pay off the LOC + repairs, and take some cash out to purchase more properties (BRRRR method). 

Most experts also feel that if you turn a shovel after entitlements that involves you creating inventory and turns you into a developer. 

., Being involved in construction myself, I can tell you I have answered many questions.

I am involved in a lot of discussions in the forums regarding the different materials used in rental unit rehabs.

As long as you know the rules about tax sale investing so you avoid the ways you can get hurt, this is a high return, low risk method of investing.

Another option is going the turnkey route, where although you will be a long-distance landlord your level of involvement will still be minimal, as the turnkey company and the property manager handle most of the daily hassles. 

I'm currently investing in buy and hold using the BRRRR method.

Empathize with Bill and the seller's position and suggest that if you can't get back the funds you at least want to help the seller's case in court, work out some sort of deal, talk about a master lease option, basically anything that does not involve the idea of litigation.