Originally posted by @Patrick Liska:@Jeff Beard the Homeowner can do and GC his own work on his own house in NJ, but the problem is @Justin Eaton said in his post that he bought the house under an LLC,  GOOD clarification :=)

I believe I understand the process fairly well, however there are a few aspects I need more clarification on such as:1: If I get a seller to sign an assignment contract with a 30 day inspection period (allowing me time to flip the home myself), can that seller back out of the contract?

As for many of you we are reaching for financial independence, which would be attained when we will be able to generate around 60 000 $ a year. 

You are definitely on the right track and your plan and end goal is attainable and not unrealistic.We are here to help you in any way we can, Peter. 

Even if he were to attain this information from the planning department, the poster does not seem familiar with building or construction, therefore will not know were to go from there.

To attain financial freedom to the point where I can choose where, when and if I want to work. 

When the bank owns the property they want to enter into a contract  that will close so less co tingencies, cash are nice to offer was the point.Thanks for the clarification.

Was hoping for some clarification on this in reguard to a commercial loan.

Hello Dan,Thanks for the clarification.

@Will Fraser Thank you for the clarification and for sharing.