Especially once you get a chance to build out a decent portfolio of these types.6 months is pretty standard as well, but it would REALLY benefit to be up front with loan amounts, leverage, and seasoning requirements.

On the flipping side hopefully they will let you shadow them and see how they run the numbers, where the money comes from, inspecting the property, closing procedures, hiring the contractors or instructing their own on what needs to be done, buying the materials, and getting it done and sold.

That is not the type of tenant I want to work with!!

2) Property Type: Single and Multi Family, preferably 3 bed+, 2 Bath.

Examine various neighborhoods, types of properties, and trends in the market.

This type of situation is fairly common where I live and where the housing stock is older and especially because often family's built multiple homes next to each other and perhaps even on the same parcel.

A 15 minutes on TurboTax type.

With that said, does Bigger Pockets have any type of business calculator to help analyze this type of deal? 

Choosing the right exit strategy depends on factors such as investment objectives, market conditions, property type, and risk tolerance.

What made you interested in investing in this type of deal?