So if I do a good analysis of the property (including all the costs) and the property generates monthly CF with a DSCR above 1.1, I would be removing a big risk because the numbers add up.

(wisconsin)How can I best position myself in this deal where the lender is comfortable and we have a solid prefab, but also workable to where I can keep my sale price competitive and build costs down.This lot is within spitting distance of the lake.

However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.

Ultimately, it’s essential to consult with your lender to understand what’s best for your long-term goals and costs involved.

And that can cost you time and money.

Again I cannot collect rent to justify this cost/effort.  

My budget for the first property is $50k ~ $100k total cost (including rehab).

So, if a tenant broke a window and it cost $300 to replace, you can simply add that bill in apartments.com and that way its all tracked where everyone can see it and track it. 

@Cameron Porter ultimately the most important part is the ARV, inclusive of the expected rehab costs.

Run the comps, calculate repair costs, and plan multiple exit strategies so you maximize every deal—whether that’s wholesaling, flipping, or holding for cash flow.