Investment Info:Single-family residence buy & hold investment.

@Mark De sagunThe banks only hold back payment if the contractor doesn’t do the work on the SOR that is developed by you and your 203k consultant.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I will say your traditional long term rentals will be hard to pencil in this market, but a buy and hold play is still a tremendous opportunity with the housing shortage.

Let's keep the conversation going and work together to adapt to this evolving landscape.Curious to hear your thoughts on what the future holds for real estate with these changes on the horizon.

However, recently a good friend of mine from church (who happens to have an extensive experience in RE) offered me to partner up to help me start and without me having to put any money, just asked me to contribute to him by finding a low cost deal, help with the process and he promised me to split profits equally if either selling or holding.

But also do your own due diligence and understand, to a degree, comps and what's realistic.If you're working with a wholesaler, they will likely inflate ARV's and give you bogus comps to support it.

Appraisers are using sales 2 miles away in a densely populated urban neighborhood to try and support an inflated purchase price.

What disclosures would I make if I rent to tenants as a buy and hold investment?

The overall goal for the property is completing the BRRR strategy and holding the property long term for long term tenants.