Existing properties need to meet the substantial improvement test so it sounds like the ones you are looking at would potentially qualify if they need significant improvement.

i seem to be struggling with the documentation when buying something im not sure of but i get multiple definitions that are leading me to think that these idea's only exist in the mind but somehow exist on paper contracts im confused some of the words are mortgage, mortgage bond, bond fund, names related to a bond in finance, i want to better learn the paperwork that is involved in financing a real estate transaction which is why i am pursuing a job as a mortgage underwriter but i wonder if i will be taking finra series # related exams that and nmls related testing for liscensure reasons before recieving sponsership to work at a BBB accredited brokerage firm or a mortgage bank related company

This deal doesn’t even pass the 1% test.

Account Closed The biggest lesson that I learned is don't overextend yourself with leverage and stress test your portfolio. 

I just tested it again and the expense showed up for me

I can see some holes in it, but there is also evidence that may result in a conviction.I was thinking of analogies, the one I drew was to FHA fraud, not drugs.

@Josephine doing some basic due diligence like checking for utilities, a perc test if there’s no sewer, and also subdividing it can add value to the lot.

Nothing in the licensing study materials and testing will teach you anything about real estate investing or wholesaling. 

Shout out to Grant Cardone and his BP podcasts (yes, I've been flipped) for the extra motivation I needed.I wanted to lay out my position below, seek some thoughts and feedback on options/approach and also test the water for any interest in partnering my first MF deal.1.

Find a niche that suits your knowledge, skills, and abilities, plan out/test your investment thesis, and work your plan.