Around here that may justify razing the home and rebuilding as the lot prices are over 10pct of Arv.

Those that have broken this rule (now up to 6 after seven events over a 3 year period) are never allowed back.

Using the 50% rule?

Those can be ruled unenforceable.

Is there a reason you are ruling out conventional lending?

Make sure you are familiar w/ all of the rules IRT condo conversion in your area.

One gets "preferred" treatment (a pet) vs the one in the protected class does not.I only say that because Bill had conceded that he would allow them a pet after the fact so he obviously doesn't have a hard and fast rule against pets.

Applying 50% rule, 2850/2 = 1425 - 1,318 = 107 cash flow.

Based on the new Dodd Frank rules effective January 10th, a sale is defined as a "Flip Transaction" is the new price is at least 10% higher than the previous sales price and deed has transferred within the last 90 days, OR if the new price is at least 20% higher and the deed has transferred within 91-180 days.

Gaming the system without playing by the game rules will only get you forfeited.