Have at least 2 exit strategies that you can use, if your plan doesn't work.For the cost of repairs, do not take responsibility for the unpermitted work, because purchasing the house will make it your responsibility and that's a risk that can undo your strategy in a heartbeat. 

I have some ideas, but I'm curious to see if there is already a strategy for this problem.  

is it true that they make it nearly impossible to communicate with them directly, over the phone and require tedious amounts of seemingly irrelevant data? 

NathanHey Nathan,A lot of the private/Hard money lenders that I work with do not require that, so depending on your strategy it shouldn't be an issue.That sounds like great idea though, it could set you up nicely to hopefully save up for a good primary residence.Would love to connect and talk through the strategies financially if you are interested!

If I were you, I would stick to the better situated markets and if the flip model is not working, focus on different strategies until you can make it work with necessary margin (especially on your first project where there will be a learning curve).

I am seeking to grow in my knowledge of strategies and learn to apply them in order to begin building my asset column and investment portfolio.

Today We’re Talkin:- The Weekly 3 - News and Data to Keep you Informed- New Inflation Numbers, UP- The President’s New Housing Proposals are Problematic- The Bottom LineThe Weekly 3: News and Data to Keep You Informed- December Jobs report was revised 35% lower: 229,000 jobs added NOT 353,000.

Transitioning from the NFL to real estate is an impressive pivot, and diving into fix-and-flips is a great strategy for building a strong investment portfolio.

Before purchasing, review the lease for any limitations and align rent with your investment strategy.

What was your strategy for buying those negative cash flowing properties?