Some lenders will require secondary appraisals, or a desktop appraisal, will want to see some sort of improvement on the property, and may have cash out restrictions. 

I fell in love with the negotiating an chasing deals not to long ago an discovered that's my niche and now I'm here to keep growing an connect with all sorts of amazing people. any advice would be much appreciated, I've been saving and saving an believe I have enough capital to get into one of the strategies, its 35k and house flipping seems right up my alley though the market an fear of not having enough capital is holding me back. any advice thank you!

Should I have the current tenants sign some sort of document taking full responsibility for the family that is moving in?

I remember speaking to someone looking to do this sort of conversion in Scranton before and this is what they said they were coming across in terms of issues.

The answer sort of varies on a few factors like are you self-managing, have you had a proper conversation with them over the phone, etc... 

If your hoping for repeat guests (where they pay full rate and you don’t have to share it with Airbnb or VRBO), then provide hotel size shampoo, conditioner, body wash, small toothbrush and small tube of tooth paste.  

No need to spend all sorts of money on a crazy structure.

This really hurts the local population as it's derails any sort of capital formation.

After years of sort of cruising on auto-pilot with a single tenant on a long-term lease, we figure it's time to assess the real value of this longtime family investment in case it might be time to sell.

.#5 is sort of the reverse of #4.