McWilliams, Blake When is the closing?

And if so, do you want a tenant that close to you, should you pursue option 2?  

Is Euclid a better choice for cash flow rate then?

In addition to what Michael said-if you do go ahead with purchasing it, write in the offer that they can not rent out the vacant half, deposit from the occupied side is transferred to you at closing along with prorated rent and get a copy of the lease that has been verified.

In that you have the choices to either cash out, 1031, or hold it for your 10 year goal.

I would likely be able to close on construction financing immediately upon the first home close, and likely have permits ready to go as well. 

Ive got about 45 days of PTO/Sick/Vacation that is taken for the year so I work approximately 1650 hours a year at that job assuming a 40 hour work week.I am also a licensed Real Estate agent with 2 separate LLCs - General Brokerage and Property Management.Between the two LLCs, I've grossed pretty close to my W2 income.

@Stephen Bruce Like some of the others here have suggested, call your closing attorney Monday morning and ask them about an estoppel certification/letter.

Appraisers are often generous with their value because they assume you will hold onto the property for 3-5 years. if they knew you were going to sell a couple months later, they would have lowered their valuation.You will lose money with a sale due to REALTOR and closing costs.

Hi Ertha,We have been flipping in Toledo since 2014.One of the first companies to do as many deals as we have 👍We get a lot of deals from wholesalers, disposition managers and believe it or not Craigslist.I feel like there is always a deal to be found on Craigslist.You have to have feet on the ground to inspect, be quick and close with cash.The good one's don't last long.Thus the importance of establishing the right people on the ground before investing in a specific market.Wishing you much success