The Civil Rights Commission will assign an investigator to see if there is cause for a charge - they do not operate on a "guilty until proven innocent" basis.

In this tight inventory market, it's far easier for you to find a 70% ARV home than it is a 60% ARV home to have room for an assignment fee.Obviously, we do it every day in both categories, but I'm also a Licensed GC with dozens of crews, a full office team including a rehab manager, etc... so it makes flipping very easy for us.Flipping is much riskier from a time, money, rehab, construction, crew, theft, vandalism during ownership, lawsuit, insurance, holding cost perspective....but we still do plenty of them.We used to be 80-90% retail flips. 

I don't actually own the business (just lease to the business for them to sub-lease to residents) and therefore have a more primitive knowledge of the guidelines.

With 7 properties, at this point your knowledge and experience is as valuable as a good deal.  

I would also suggest you stay in contact with Curtis because he if very knowledgeable and helpful with RE investing.You can sign up for the meeting here or you can go to Olympia REI Group on Meetups and sign up. 

Might be a little long winded but I don’t really know who else to ask and there seems to be a lot of knowledgeable individuals on here.

The “agreement” he sent me is below (identifying details redacted):______________________RESIDENTIAL LEASE and OPTION TO PURCHASE AGREEMENTBUYER/TENANT: XXX Holdings, LLC Date: 2-16-2018SELLER/LANDLORD: XXXPROPERTY ADDRESS: XXXXXXRESIDENTIAL LEASE1) Rent: $2,500 per month2) Lease Term: 36 months, beginning March 16, 2018 and ending March 16, 2021.3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs ofthe property, not to exceed $500 per incident.4) Sub-Lease: Buyer/Tenant has the right to sub-lease this property with writtenconsent by the Seller / Landlord, and this shall not be unreasonably withheld.OPTION to PURCHASE1) Purchase Price: $ 345,0002) Option Period: 36 months, beginning March 16, 2018 and ending March 16,2021.3) Option Consideration: $100 - All Option Consideration will be credited in fulltoward the purchase of the property.4) Rent Credit: Buyer/Tenant will be credited $ 0 per month toward the purchase.5) Closing Costs: Purchaser will pay all allowable closing costs.6) Expiration: This offer shall expire on March 16, 2021.7) Inspection: This offer is contingent upon physical inspection of property andsubsequent completion of a more formal and signed Residential Lease with Optionto Purchase Agreement.8) Non-Exclusive – This agreement is non-exclusive and can be canceled anytimeby either party.9) Assignable – This Agreement is assignable with written consent by the Seller /Landlord, and this shall not be unreasonably withheld.X_____________________________ X ________________________________Seller/Landlord Date Buyer/Tenant Date_________________I have a few questions: Is this legit?

I am not going to lie, without the help of the podcasts and books I probably would not have built up the courage to go forward with making this deal happen since it is out of state, but when you feel prepared and knowledgeable anything is possible. ( Big thanks to David Greene for this !!

I listened to Episode259 with Mike Anderson, I really enjoyed his “no-nonsense” approach to real estate, but I have been wanting more from the podcast and with this guy’s knowledge in particular.

Due to my experience, knowledge of the tax code, and comfort with different capabilities of various versions of TurboTax, I am very comfortable doing my own tax returns with TurboTax.