We came across a potential deal and would love feedback from the community.Here’s our situation:We have funds for the down payment and a modest rehab budget.We’re conservative with our reserves—we want to make sure our short-term rental is always backed by a cushion in case of regulatory or demand changes.Our goal is to build long-term cash flow and gradually grow our portfolio.Here’s the deal we’re looking at:2077 E Boatfield Ave, Burton, MI 48529 – Zillow ListingWe’d love your input on:Whether this looks like a solid deal for someone at our stageWhat questions we should be asking or what to look out forIf you’re familiar with this market—are our rent and cash flow assumptions realistic?

Quote from @Kyle O'Brien: Great question, Kwanza — live & flips are tricky but definitely doable with the right lender and structure.Most traditional lenders (and even many hard money lenders) shy away from owner-occupied flips because of regulatory red tape — especially if you're living in the property during the rehab.That said, I’ve seen a few investors successfully navigate this by:- Structuring as a short-term bridge loan with investor terms — even if they plan to occupy short-term.- Using private capital or asset-based lenders that focus more on the deal than the borrower’s living situation.

I've also seen situations where buyers overlooked utility setbacks or didn't realize certain rural areas require engineered septic systems due to soil conditions.

If you haven’t already, check if the lender is licensed to do business in your state (you can usually verify this through your state’s financial regulatory website or NMLS Consumer Access).

Since then, the company has only increased efforts to raise investor funds but does not appear to have kept up with the corresponding regulatory filings.

You still have the 180-day timeframe to complete the construction and be hopeful that there's no major setbacks.

Regulatory costs, property taxes, and costs for services will continue to rise, but the owner's rental revenue will remain stable, leaving a shrinking pool of funds available for maintenance and improvement. * Property taxes and other fees and regulations placed on rental property owners are already very high, and are rising faster than rent increases in many cases.

I do not see myself moving in that direction, but I will certainly reach out to you if I do.lending on a primary residence is very different from investment property lending and brings a much stricter regulatory environment.

One setback we hit with this deal right out of the gate was a delay in the refinance on our first deal.

The one I find more concerning says:Interior alteration of enclosed covered entry converted to living space, main building encroaching set back on east elevation and attached structural storage/living space encroaching set back on north elevation.BTW, I thought I had included a link to the property on Redfin in this post.