In more complex transactions there are other approval clauses such as getting permits or entitlement approvals, environmental studies or details evaluations of mechanical systems.You posted in the Rehabbing and House Flipping forum.

If I can flip a home using my own hands and tools, and can evaluate people professionally for court and other high stakes matters, I can be a decent landlord.Sell House scenario:House sells for 550K (worst case), 30K to realtors, pay off 295K mortgage = 225K cash in hand.At a 5% return, 225k generates 628 after 33% taxation.$2200 rent - 628 = 1571/mo cost of livingAt a 4% return (worst case?)

These are some pics I took late last week of the current rehab in progress.

I assume that is code for, "I only want to sell this note to someone who can't properly evaluate the risk and return.".

I'm evaluating a few out-of-state areas for better cash flow than where I live.  

I upgrade all appliances and mechanical so I see no major issues for several years.I spend a good portion of my time working on the homes which is sweat equity, but as I progress in this business I am spending less time doing its and more time managing.

No one can tell you if its a good deal without knowing the ARV and estimated repairs.Redfin has a decent tool to evaluate a homes value, try that.

Do you have a blog where you'll update your progress?

So my transition is still in progress from rentals to tax liens.

So as I evaluate multi-family properties in areas that I would like to purchase, it always seems like they are WAY overpriced.