It took a little longer to complete the Rehab than planned and speed is very important to the overall success of Flips so while the project did make a profit it didn't return the numbers we originally planned... that's the way it goes sometimes.Account Closed there is plenty of available Capital with appetite for Fix & Flip in the greater Phoenix MSA right now. 

If you get a loan to buy it initially, the entire platted lot will be taken as collateral, you'd have to survey the excess land off and refinance the duplex on a smaller lot to free it of any encumbrance, or survey off the excess and only finance the purchase on a smaller lot if the seller can do the subdivision for a new legal description.

Throughout the years carriers change their appetite and risk tolerance.

If you have a ton of personal or other debt, that may impact the underwriting since it may be determined you will need to make excess draws from the subject commercial project to satisfy your other obligations.Underwriting is not an exact science but to answer your initial question, no, you don't necessarily have to have an outside source of income.

It's about comfort level and risk appetite.

Meaning the current debt on them is in excess of what I paid.

The tenant sued and the court awarded the tenant back the amount in excess of the pet deposit.

Blabbering aside, if your partner is the contractor he might have excess material, can get material at cost, etc.

You don't want to provide incorrect advice.Distributions from a partnership are normally not a taxable event unless the distribution is in excess of the partner's basis in the partnership.Another thing to be wary about is how the UK will tax their income generated through the US LLC.

I have money loaned to flippers and have excess that is sitting idle like Kevin said.