I don't agree with their business model to do all that work and flip and profit $10,000 to $20,000 and that's before paying capital gains tax.

Luckily, after some recalculations, I did not need to raise the house.   

It costs me insurance and about $600 in taxes each year.

After the hurricane, we were told that the home would be completed by early summer 2023, but now it is May and we are still waiting on approval.

Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I sometimes advise buyers to get an under-rented property that may be below market rent, maybe do some upgrades, and after rents are increased you'll be close to or above the 1% rule if you don't start out that way.   

“Then I received this:“After reviewing the documents provided by M*****, the document appears to be false and has been tampered with.

You can earn from the many contract set asides, tax incentives and specialized financing  that exists only because of your tenant.My funding group (DTRT FUNDING & Consulting - Do The Right Thing) funds what we call the path.. all the varisous companies and non profits that can benefit from the wide range of tax, contract setasides, funding and income generaded by that trnant becomming a productive and independant person.Would love to talk 

By turning your property into Section 8 you can pick up a tax credit that is about 30% of the buiding market value. 

Then getting legal requires Liability Insurance, Bond, Workers Comp , Etc.If you do all this, you will probably lose money the first few years while you learn the ropes....but after that you can expect to make about 20% for Overhead And Profit .