For starters, the prospect passes our 3.5x income requirement, has a 700+ credit score but a few things that I seem to have trouble with is the management company that was on the application, I wasn't able to find any viable information through regular web searches, but through the Business public record I found an LLC to this management company which I found was created 5 months ago. 

I'd remodel and sell this property as a flip and net 15-25% ROI today, rather than wait 5 years to make a little more.

I wanted to reach out to see if you could provide any guidance or ideas on how and where to start with this process.Any advice or resources you can share would be greatly appreciated!

DSCR and hard money makes this pretty easy, but you would still be expecting to put down 20% on DSCR and a bit less on hard money. 

Its very easy for people to get caught in this trap."

SO this could be a huge selling point for some.

I’ve found valuable tips, resources, and connections that have truly accelerated my journey.

Get to know the guide lines and the Niche lending options that can make or break cash flow deals.If you ever have any questions feel free to reach out I enjoy offering tips, and loopholes to BP members to help save time and money!  

If you're familiar with stock options, this is exactly how call options work, although they only go out a max of maybe 27 months or so.My questions are a bit numerous, but I've ordered them roughly in order of importance for me: -Is this legal?

Would this be a letter of intent or promissory note?