Originally posted by @Travis Hill:I am reading a lot about property classes and how, who, and where are they determined?

I do the lease as a lease with rights to sublet.

By identifying the right buyer in advance, we streamlined the process and ensured a smooth closing.

In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.

Of course I rode the wave from 2018 to 2024 with the west coast transplants during COVID and driving up prices in the area.  

What is the average spread in the market(s) you are in for flips?

Full credit/background check:  Look for missed payments, and any theft is always a no go.2.)

Such a great region of the country to start for you.

Go search the topic "Lifestyle Asset University" here on Bigger Pockets and you will see a longer thread with a lot of opinions (most are not members) but still worth a read as there are a half a dozen paid members from our group who have commented on that thread.We were formerly called Lifestyle Asset University, but I didn't realize that you couldn't use the word University in your company name here in Utah so we changed our name to Vodyssey. 

Don’t fill your purchase agreement with the seller full of “Weasel Clauses.”