I’ve given myself until June to finish renovations and have the city stuff done because it has been red flagged by the city.

You don't know what you don't know - and you won't have an agent looking out for your best interests.As we say around here, "Good luck to you and the Red Sox". 

Here come the red flags.

In general flippers shouldn't entertain FHA offers if you're trying to minimize the risks of additional/longer carrying costs. seems to me at that price point you can just sell for cash to a buy and hold investor and just skip the sale to a homeowner ??? 

That is what known as a "red herring" argument.

One of the contractors I learned from used to ask people "how much is a pound of meat?"

But you had me at @beer, and @BBQ lol.

Originally posted by @Danny Redding:@Joe VilleneuveIn my experiences with Ga assessed values, you can appeal based on market values or conditions, and have your tax liability decreased.

@Anthony BarbatoYou can do whatever you want with a property you own - that is, until it gets red-tagged and/or you get into a "ghost ship" disaster like mentioned above. 

Ben,To put a bit more meat on the bones for readers who are not used to syndications, what would you expect to pay for the 'overheads' if the deal size was $4M?