Especially since I understand this project requires a variance.

Real estate absolutely requires a team.

- Will this loan require credit pulls and banks or can this be done with a simple contract and an estate attorney? 

I desire to dismantle systemic racism that allow bad areas to stay bad).Anyways, this opportunity came up and it's a crap shoot but the downside is controlled and the numbers look REALLY good on the upside 

Using the BRRRR method, normally requires you to hold for a while until you can get refinanced, is that right?

@Mike BossIn California I believe it’s $800 a year and rack on what your cpa will charge you and you are gonna run a $2k bill to do a LLCIf you are fixing and flipping lenders may require you to have a LLC.

@Dustin Sanders It is possible to find owner financed deals and you MIGHT be able to even find some that require no money down.

Depends on your assets, lifestyle, resources, desires.  

It isn't untl about age 90 where a $1mil balance requires a $81k rmd...I'm guessing you are trying to average out the numbers. 

By selling the property now, you can avoid the time, money, and effort required to make repairs and potentially deal with ongoing property management responsibilities.On the other hand, if you are willing to invest in the repairs and potentially hand off the property to a property management company, you may be able to increase the value of the building and generate higher rental income in the long run.