Looking forward to what the future holds.

I should also mention his main reason to want to do a SOLO401K instead of a SDIRA is that he ALREADY had 500K + in a Traditional IRA that he rolled over, and THEN leveraged. 

The second way is to plan on proceeding with the purchase whether or not you are able to “flip” for a profit.The key point is that many, maybe most wholesalers use various “weasel clauses” to back out of a contract that isn’t immediately profitable for them, leaving the seller who thinks he has a “real” sale holding the bag.  

I started out with "house hacking" and moved into a "buy and hold" strategy.

@Kenneth Fernandez I’ve got my eye on one in my market but I want it for a buy and hold.

Im on a variable rate as i knew i would want to refinance eventually.do i:1) take the 50k refinance and go to a fixed rate2)renovate the unit thats leaving and offer to pay the guy to leave and renovate both (maybe try and convert to a 2 bedroom)3) do nothing and just keep renting it outMy goal is to make this full time and not just hold on to a few properties for when i get older.thanks!

Everyone was holding on to their condos like me.

This would be our first DSCR loan, and while I believe I have an idea of how it will all play out, looking forward to seeing the process.Initial thoughts when putting property under contract were [repair, Rent, DSCR c/o, hold].

How long did you hold the property before selling?

Holding people to account for breaking the law - and if he's misappropriated this man's funds, that's what he has done - is not a waste of time; it's the foundation of all property law.