The majority owner should be required to sign reps & warrants at closing to be personally liable for them.You didn't mention checking the plumbing - hidden plumbing leaks can cause more damage over time than just about anything else!

It seems as if there will be some upgrading of the units, are you anticipating a sale or refinancing out of the subject to different mortgage afterwards or is that the long term debt instrument you want to keep?

@Allen Wu- hi there - following up...did you  use the  30 yr fixed or ARM loan to close your home loan?   

I just looked at a house I built in downtown Charleston  ( 20 F st ) I sold that for about 450 to 500k cant recall exactly  but i see it resold for 800 ish.. and that is a fairly recent sale I built it maybe 5 years ago or so..

I need financing.Loan officers get paid when you close on your loan, so if they really ghost you, you must have given them a reason?

Stay motivated as you build your financial foundation and continue to learn.I tell clients to look at other people's successes so that they can see that flips are happening in their area.Here's a listing for a property that was sold for $155,000 back on December 18, 2023 and is now listed for $245,000https://www.redfin.com/AL/Huntsville/3916-Binderton-Pl-SW-35...Here is another one that sold for $210,000 on March 13, 2024 and is back on the market for $284,000In both of these listings you can go to the Sales and Tax History and see pictures from the previous listing.

Or worst case, landlording is often an uncomplicated exit with a For Sale sign (and can even be a profitable exit depending on the market)...

Hey Account Closed, start right here.

When you sell the property and gain the difference between the sale price and the cost to you, that's profit.Net profit to you on a rental is the cash flow. 

This could be due to high demand, competitive pricing, or desirable location.The List to Sold Price Percentage is 97.2%, indicating that homes are typically selling close to their listing price.