It sounds like you've put a lot of work into this renovation.First, let's break down your options:### Selling the Property- You've estimated a potential profit of $58k, which is a significant return on your investment.- Selling now would give you immediate cash to reinvest or use for other purposes.### Renting the Property- With a projected rent of $1450, you need to calculate the Debt Service Coverage Ratio (DSCR) to ensure it's viable

When have you tested your PMC’s processes- Click on whatever links you find on their ads to schedule a showing and start an application to see what happens!

It also depends on the extent of the foundation damage and repairs, I have done minimal slab crack repairs on flips and disclosed to buyers, without any issues, and I have also done more extensive slab repairs with plans, permits and inspections, and also disclosed to buyers, without any issues. 

In this particular case, I have a property I'd like to get a HELOC on to then buy another property.

The one item I am not clear on is the 50% contingency on top of the contractor bids.

I’ve had it on my radar for a few years and cost vs revenue doesn’t line up.

I am planning to use this business (SMLLC)  to build the houses on my lots.

If you have any feedbacks on whether having brick and mortor bank is necessary would also be appreciated.thanks

I appreciate your concern regarding the impact of Tropical Storm Debby on our area.

Any suggestions on that?