There's also the challenge of verifying the flipper didn't cut any corners that will become future headaches.If you have the cash, it's often better to find your own beatup property to BRRR.We've got offmarket sources if you're interested.

I send out check right away, but thinking of asking him to move to monthly or bi-monthly payments to streamline the process...Any thoughts would be greatly appreciated!

., keep my down payment and exit deal)What consequence can they face for this delay?

Will you still have cash flow if you cut the rent?

Reducing interest payments can free up funds for other financial objectives.Since you're in Kansas City, look into the local real estate market.

The easiest way to explain it is due diligence is a non-refundable deposit and earnest money is a refundable deposit - both go towards your down payment/closing costs. 

But heads up, a HELOC is like a rollercoaster – the interest rates can go up and down, so your monthly payments might do the same.

I hired the professional guys for this and it cost about $4500, but that was for the whole friggin basement.The other thing that I would do is to tell this tenant that they are welcome to leave and move out and go somewhere else at any time, and I will gladly let them out of their lease early providing that they are current on their payments and haven't caused any damage.

Yes, the HELOC payment will go into your debt to income calculation but so will the rental income you are bringing on the property you just purchased.

This deposit serves as a form of protection for any potential damages or outstanding rent at the end of the lease term.Most of the property management companies offer various convenient payment methods to ensure a hassle-free experience for tenants.