The only thing is if the MFR is purchased with this, but not for the business then you may not be able to consider it in this loan so you may still need an alternate option there.

Simplify as many standard processes such as online rent payment, leases, apartment turns, paint, and other materials, and re-key all locks to a master system.

What alternatives have you explored, and how did they impact your investment outcomes?

Get a couple estimates materials and labor.

Also, your wife simply would need to "materially participate".

I’m completely new to fix and flip but I have been doing some research, I’ve been looking at distressed properties in my area for example one I’m looking at now the listing price is $359k Arv is $550k the contractor fee would be $33k without materials I’ve been looking at fix and flip loans saying they would finance 90% LTC and 100% rehab .

Updating the interior is costing me $63,000 for demo, installation, and materials.

I could go this route, but since this is California, I'm wondering if it's better to get more personalized help closer to home.I'm also happy to consider non-Bay Area alternatives (with meetings done over Zoom) if anyone has a lawyer they particularly like.Thank you for any advice and recommendations!

@McKinly SpringerThis did not bond as they didn’t prep the floor properly nor was this done properlyIt does not appear they even used a self leveling material like ardexTo me this appears all of it needs to be ripped out and redone properly

Owning the property outright allowed him to address those costs comfortably and even negotiate a better deal on materials since he wasn’t rushing to meet a lenders timeline.Given that you want to learn and scale gradually, cash is a safer way to build your confidnece and investment foundation.