Lastly, thought of leaving money in the duplex side, separating the SFH, deeding it to an entity to refi and only take cash out that.

I've now seen courses from BiggerPockets, I attended my first real estate seminar last Friday, made an appointment with a potential real estate coach for month's end, and lately I've now been looking into some beginner online courses from NYU.

Hey Robert, sounds like an interesting deal!

@Matt Smith generally speaking it’s a combination of rising interest rates which have caused cap rates to increase (thus wiping out equity), debt is resetting at higher rates, rising opex costs due to inflation and stagnant or softening of rents due to an increase of supply.

Hard to understand your post but am assuming you are saying that the individual acting on behalf of the seller was assumed to be an agent but you are finding out they are actually a wholesaler?

However, beware that certain “passionate” parties posting on BP have taken to an almost “religious” crusade against about anything that can be considered “creative”.  

The lender is pushing you to do this to get an FHA loan.

The county I'm looking into is so special, they think they are an Independent State. 

The other important items are contract terms (including draw schedule, scope of work and timelines), consistent follow up on progress, & paperwork (estimates and invoices) for change orders - they will undoubtedly come up as no construction project goes precisely as planned or has zero hidden or missed task items that will need to be completed.Time is your enemy on all flip projects so hiring the right contractor who can deliver the services in an efficient manner will often be more beneficial to the flipper than a lower priced contractor and/or a poorer quality contractor.

Want an excuse to visit my son there.