Tenants are required to initial next to each paragraph that they've read and understand the rules.

I paid cash initially to win the bid, but then cash refi out 2 months later.

But you'd have to be quite involved initially, especially to get access to better SBA lending. 

I guess about the only thing that would worry me the most would be that if you add to the existing building, and if the city code has changed since after the initial build, then they are gonna want you to make all the necessary changes to the existing portion of the pemb.

So purchase price, as long as you can obtain initial funds to execute the BRRRR (including the value add), has zero bearing.  

While the repairs will temporarily affect rental operations, the long-term tax advantages from depreciation could help recover some of the initial financial outlay.In terms of negotiations, it would be wise to push for a larger price reduction instead of accepting a cashier's check, given the magnitude of the repairs and the expected loss of rental income during the downtime.

I was initially looking for a turnkey property but after finding this deal and going down the rabbit hole it has turned into a BRRRR.Property is well priced and seller agreed to lower price after inspection was done and scope of work completed by GC.

Our initial plan was to hold it as a MTR (medium term rental) but decided to flip instead in order to fund the purchase of our new primary residence.

Although we initially planned to complete the ADU, we ultimately chose not to build it out to meet the demand in the summer market.

After doing some initial research, I decided to check out some zip codes in Philly as that's an hour's drive from where I live - 19132, 19133, 19134.