I doubt the seller will be giving you months or years to peel off single sales, that is not his objective.

There would need to be a conversation with a financial specialist at the institution to determine the loan type based on requirements.  

@Sharnell James Depending on your REI Objectives and Business Model, the following has been recommended, by my Accounting Team.Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

Not only were the numbers and dates not aligned with my objectives, but the instinct that I had on how motivated the buyer was ultimately made me reject the offer.

(Note: You will not ask all of these questions depending on the answers the seller gives and your investing objectives.)Asking About The Seller And Their Property: • Can you tell me a little bit about your home?

Without goals you'll fall victim to the shiny object syndrome, where you keep aimlessly chasing deals (which I did). 

If you are doing renovations that do not require these specialist look up Blackburn Ins based out of Grand Prairie. 

There were always people who objected and thought it was destroying jobs, when in reality technology is the greatest job creator.

I'm in Orlando but I have a great property management/Real estate (vacation rental specialist) in that area that I would be happy to connect you with.

any recommendations?