The intent to buy, rehab and sell immediately after it is rehabbed.There is no intent to hold it as a long-term investment2.

Though that’s not really an offer, not even a Letter of Intent, more like a “ Letter of SOMEWHAT Interest” LOL  

Your intention is that you will occupy the property at some point during that first years. 

And we all know who brought this new reality but yet, we pretend things are well intentioned.....

Unless you have construction experience you are likely to end up in the red on the first project or two.If you are intent on trying to do rehabs (which isn’t necessarily a bad plan because that is where forced appreciation and higher returns are) then you don’t need to make a decision on BRRR vs flip now, you can wait until the rehab is finished and figure out what makes sense to you.

All were bought in 2023 or 2024:- Virginia: $50,000 - 1.5 acres- Vermont: $33,000 - 3.3 acres- Tennessee: $34,000 - 1.4 acres- Maine: $27,000 - 1.1 acresTotal: $144,000 - 7.3 acresWe bought all for cash with the intention to build on each in due time, depending on where we can first have all ducks in a row: general contractor, permits, etc.

IF Mom has no intention of moving in do not tell something untrue to the VA.

Options to Renew Options are another potential deal killer, especially if the investor has intentions of repositioning the property to achieve higher rents.

knowingly not having it under contract.Instructing investors to set up fake ‘tax relief’ companies In order to intentionally & maliciously misrepresent themselves to tax delinquent distressed homeowners.

Your PMC may be taking the path of least resistance and unintentionally (hopefully not intentionally) taking advantage of you.When it comes to maintainenance, our company's mantra is, "maintain to the neighborhood"!