Good luck

Investment Info:Single-family residence fix & flip investment.

I wonder why the government isn't encouraging more people to become developers compared to the money they are putting into VCsWhat would be a good step by step approach to becoming a developer?

I would not anticipate much turnover so could be good cash flow over the long run, the question is the long-term appreciation… depends on your strategy and weather you’d be managing themselves or relying on unknown local property manager, contractors, etc.

As someone else had mentioned, as long as you do not have a lease signed with them, you are good to be unapproved as there is nothing legally binding. 

And while you are searching to find that "exceptional deal" you will come across many of these other deals that are still good but require some money out of pocket.  

Good Monday morning Bigger Pockets!

Many applicants just want to tell us their excuses over the phone, but if they won’t take thetime to put it in writing, we find they rarely end up being good tenants.UnderwritingTraditionally, landlords have only looked at the income of applicants and approved those having income equal tothree times the property rent.

It might be a good time to shop the coverage with several independent agents

@Blake Yarbrough If you can structure the deal where you get the 80% financing with good terms and rate in place and it is a good deal meaning under contract with good terms, purchase price under market value and also being the asset and property manager.