I am new to the real estate world specifically wholesaling.

This would give insight on costs, timeline, what's needed, etc.

The insurance rate I used came from this article.

“The Complete Guide to Investing in Real Estate Tax Liens & Deeds” by Alan Northcott – more of a reference-style book, but it covers both liens and deeds in a pretty comprehensive way.I also found this website that might interest you. 

I’m trying to learn from operators who have experience acquiring or controlling small multifamily properties (15–25 units) in secondary markets, especially in cases where a traditional bank-first acquisition isn’t the cleanest path.Specifically, I’m curious about control-first approaches where the buyer/operator takes over operations first and aligns incentives with ownership before an eventual purchase or refinance.For those who’ve executed deals like this in the real world:What situations make this approach work best from the owner’s perspective?

I am not conveniently located to access my property in the case of emergency (3-5 hour drive).

I would like to know your opinion is it worth taking trouble in getting permit with county and redo work. or Just license contractor is good enough to redo basement.

Hi @Joshua Rodriguez, I haven’t done a flip on my own, but I have invested in flip projects  through my club, and from watching the operators and going through the vetting process, I’ve learned a lot about what matters in evaluating deals.

Open to any tips/advise!

This alone should give you your answer, but let's continue.Cash out of $308,000Owe Family - $192,000Cash to you $116,000, minus your cash (debt to you) give you an end profit of $66k.Now factor in the negative CF/month, and it won't take you long to eliminate this profit into a loss.Second option: SellARV = $385,000 (assuming you get it all)Closing costs = about 20% so $77,000Owe = $192,000Profit = $116,000 minus your cash in gives you a profit of $76,000Yes, I know it looks the same as the REFI, except you are losing money every month due to negative CF with the REFI.