I understand both sides and there are stress factors to each.JD's comment has a lot of validity and is a very real concern.

@Jon Haney I don't believe the length of ownership is at all a factor.

The attorney fees may be as much as the original bill in question, but it sounds like this has become a matter of principle.

There are a lot of novice wholesalers (generalizing here) that are just in it for the fee and will leave you with a toxic asset.

I don’t wanna incur any penalties or fees, so I’m just looking for some guidance on this. thanks 

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

And there are several factors to consider, the high cost of living caused by high inflation rates and high interest rates and other more."

All they have to do is send 1k commitment fee to the lender in Target gift cards  :).. thats why HML / Private lenders that no one has heard of on BP get kind of a rough time at the start.

You will most likely have to pay HOA penalty fees, fees by the state if they have tenant rights in place and potential lawsuits from the tenants.

Lenders will offer lower leverage on land than most other assets and expect to front the diligence, civil and architectural fees to entitle the land which is where you create value.