Now the questions I have is what to do with the property:Option 1: Flip and sell it right away after the rehab is completed in a few weeksThen at this point, I would have spent:Total cost = $165k (cost of property) + $77k (cost of rehab) + $15k (closing cost buy & selling fees) + $6k (holding costs 4 months) = $263kSelling price = $290kProfit = $27k*Holding cost for 4 months = $4,192 + $1,900 (includes mortgage 4 months, utilities and taxes)What concerns me a little bit is that I am in a high tax bracket so I will have to pay quite a lot of taxes + short-term capital gain.Option 2: Rent and holdLoan monthly payment at 9.24%  = $1,640/monthI would then cash-out refinance.

That way if it’s something they are concerned about you’re making the decision as easy as possible for them.

Very curious of an inspection.. framing is my biggest concern, 10 min from beach..

Yes, it is complicated but looks like you have an attorney taking care of these so don't be too concerned.

Let alone how competitive the market is here, they could just find another buyer.My big concern is that the property doesn't have central air and I would be installing that with ducts going through the attic (no crawlspace) immediately during the first month after closing.

I am concerned that there might be an event where the loans are called and it being difficult to find other financing.

The other no was from a guy expressing concern of a DUI 8 years ago.

Concerning ABCD you need to understand the vast differences in owning the diff classes and set expectations appropriately.

My concern is if the population pool is not there then you’re stuck with unfavorable odds.

If it is to rent it out, then you should be more concerned with what your local tenants profile is and put in what would bring you the best rents.