I could be wrong here so I'd hope for you that the repair estimate is being used to negotiate the purchase price down.Curious to know what other members of the BP community feel about this.All the best to you on your first deal!

Happy to- Donovan InsuranceTim Petre102 E 6th St.Auburn, IN 46706Good luck!

You're very welcome :) I would be happy to connect when you decide to come to Charlotte.  

If so I'll make sure to start pressing him for leads.I do not have a title company, construction, or property management partners yet.I feel like a mentor would make sense, but I'm not sure if a paid mentorship is the best bet or simply trying to network with RE professionals in the area.

Happy to connect to discuss your current situation. 

Happy to connect and share more!

Happy to discuss if you'd like to reach out! 

Happy to chat more about it if you’d like!

The builder will need to be approved by the Bank/Lender or the bank/lender can provide you an already approved builder they have used before in that County.Once the builder is approved the Bank/Lender will have a initial meeting and set up an agreed upon draw phase based on the work that will be completed in phases.Best thing to do is have a conversation with a seasoned Banker or Loan officer to start an application and set up step by step plan.Feel free to reach out if you have any questions I am always happy to help and talk REI.

It sounds as though you are going to self-manage from a distance, which I feel is a big mistake that could cost you a lot more down the road.