Due to several factors, the biggest being that we already have relationships with attorneys, bankers, mentors in the business, appraisers, insurance brokers, and contractors (the business we run has electrical and general contractors), we have decided that real estate is the ticket.We have already worked with our attorney and CPA to get an LLC rolling and we submitted our first offer yesterday. 

I’d be careful of doing the work yourself because if the bank still thinks the contractor is doing the work, and he/she submits request for release of funds, the money goes straight to the contractor and not to you.  

I am looking for professional designs and plans to submit to the city."

Option 1 - It’s the city of Tampa, and because they submitted two sketches and it was denied over a 10 week period because of simple issues like they forgot to include a window in the plan, the attorney seems to think they send a demand letter and can then attach deadlines based on incompetence.

They probably didn't think I will do anything and submit to their demands, they were wrong and I hired an attorney who is going to take them to court over this matter and the letter from some bogus attorney.

If I know prior to submitting offer, and I would know if the seller i truthful as this is part of my 'pre-diligence' system, that tenants aren't paying, then either I make sure the cost of evictions/extra hold time are considered in PP or that property must be delivered vacant at closing. 

If your sure about the numbers you submitted and the repairs I believe I’d go for it 

Its funny though because ill offer cash when submitting offers knowing people will be more appealed but 30k more is a lot.  

I submitted a pre auction offer of 500k cash and it wasn’t accepted.

I submit that the lack of liquidity of real estate options as well as their lower volatility are their primary advantages compared to wholesaling.