The new programs will kick out the house they may need to go with specialty lending.

So an overwhelming majority of costs associated with a rental are mortgages which luckily do not move with inflation (granted you have a fixed program).

I actually signed up for this free program a month or so ago.

It's been 8 years and they haven't gotten approval for the re-zoning and the house has been vacant during this time period.I'm new to real estate investing, so I'd appreciate any critiquing of the following steps I'm planning on taking.1.

Once approved, I require the full security deposit within 1 business day, in cash or MO.

So if i have to find outside money, do I put in an offer for the house using what approval ( I won't be approved for this loan) and then assign it to a goup of investors for a fee?

There are plans already approved and drawn out to add 2 extra bedrooms and 2 bathrooms.

In my experience properties with no mortgage a pretty easy to get to cash flow.Back in the day (when no approval assumptions were available) I used to get into those if I could do it CHEAP ENOUGH (ie; close to ZERO), knowing I was going to do a WRAP. all cash

The other thing I might consider is changing the holding cost from 4 months minimum because you never know how soon you can actually get all the approvals and work done to complete the condo conversion and also the time needed for a buyer to close on the place (hopefully you don't get qualified buyers who end up not getting the underwriting department of their lender to reject providing the mortgage thanks to an appraiser).

Run ups can be sustained and wound up through smoke and mirrors like investors buying up a bunch of pre construction homes and bad loan programs, but the affordability for new buyers to get into housing runs the market.