Quote from @Daniel Kokodoko: Hi BP community,this Brandon, FL (Tampa suburb) deal practically fell on my lap, and I’d love to get a sanity check from experienced investors here — especially around risks I might be overlooking.The propertyZip code: 33510, Brandon, FL Type: 4 bed / 2 bath single-familyCondition: Needs full renovation (roof, windows, flooring, kitchen, bath, electrical, etc.)The numbers:Purchase Price: $100,000 (off-market, cash)Renovation: ~$100,000Total In: $200,000ARV: ~$330,000Refi: $200,000 @ 7% interest-only (after a year)Rent: ~$2,200/mo with 2% annual increase or flatExpenses: ~$8,500/year, growing at 2%    Insurance: ~1900 per year    Property tax: ~3000 per year   Other expenses: ~3600 per yearHold Period: 7 yearsExit Strategy: sell and 1031 Exchange.I'm closing on June 20th, and anticipate renovations to take 2 months or so.

You might get some sharper insight into the lending process, but you could also get that by partnering closely with a good broker or loan officer without taking on the full licensing burden.If you’re serious about scaling, it might be smarter to build strong relationships with multiple brokers, private lenders, or even consider setting up a fund or line of credit, rather than trying to straddle two hats (investor + licensed broker).

That said, I’d still love to hear from someone who’s gone through a full claims process with them.

For investors or homeowners building to rent, it’s a great alternative to conventional financing—especially when traditional banks decline due to asset type or age.If your goal is to rent out the ADU, we could structure it as:A short-term bridge loan during constructionThen refi into a 30-year DSCR loan once it's complete and rentedThis way you get both the construction funding and a permanent loan without going through a full doc conventional process.Happy to run the numbers if you'd like to see what leverage or rate options might look like.

There are more full service Redfin agents too.

If a tenant's rent is $1,000/mo and you accept $1 dollar from them for the month, you cannot evict them for said month.Only accept payments in full, refuse everything else.

So if you’re more focused on momentum, option 1 gives you quicker cash flow and you can still refinance those in the future to pull equity (just not as aggressively as a full BRRRR).

Purchase price: $310,622 Cash invested: $3,600 3 Rooms, 2 full bathrooms, 1350 sqft, solid construction, built in 2018.

been doing this full time since 2021 as an agent, focused 100% on investors/commercial and there has been a significant uptick in the "velocity" of deals in my market, had more sellers reach out to me recently but not to take money off the table to generally go do something else in real estate with it. 

Before we go full in house, we are really trying to dial in the quoting process, specifically with putting material lists together.