The beauty of the option period is that it gives you the unrestricted right to terminate the contract for any reason whatsoever, even if you just change your mind.

If these deals were single families I would do a reno in a heart beat because the "BRRRR" method works well with the equity game.

As you can see, I got my first one under contract today.

I have an interested seller which i'd like to put under contract. 

Every lender has their own rules, but in pretty much every residential mortgage contract, there is a clause that triggers if the property is sold or transferred to another person or entity and this is known as the 'Due on Sale' clause.

If I'm not mistaken, Florida transactions do not require an attorney- the agent/broker is the one who drafts up the contract... correct?

I’m under contract to purchase 2 duplexes.

I have the ability to put at least 30 or 40 down if I had to and plan to hold and or find a partner after getting under contract.

You would need to look at your contract and determine (if you are pending) if flooding is an excuse to terminate their P & S agreement. 

I’d like to get them under contract this week to wholesale, but struggling to figure out the offer.