.- Large remodels or construction projects (Live in Flip) can be self-managed, worked on directly, and the value add, after 2 years, is largely tax free up to certain limits. - Many areas around the country allow for ADU Construction - house-hackers enjoy similar benefits to remodeling projects by being naturally on-site for ADU construction. 

Since the repairs were two owners ago, I would think the town may be a little more lenient with you.With the new kitchen and bathroom, were they existing and just got renovated or were they added on?

I would also highly recommend you set some parameters when thinking about working with non-accredited investors or if you are one and want to invest on a large deal. 

I think if you can nail that down you will be able to find a market easier.As a buy and hold investor some of the things that were important to me when deciding on a market were landlord tenant laws, price to rent ratio, housing demand, ability to build a team, large population 500K plus, multi-family availability and some other factors.take the process step by step and you will be fine. 

Otherwise, you will have to explain the large deposit and possibly the source of the funds to buy the crypto.You can expect to need about 20 percent of the overall costs of the purchase and rehab.

Keep adding to your notes and refer to them from time to time.

Large deposits are nice, but very difficult to actually get access to escrow funds in the event of default.

. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

If you are looking in Los Angeles, than you will likely not find many opportunities on the MLS based on today's rates, unless you put a large downpayment.

I also would like to reduce the audit risk due to large bonus depreciation.