Once you evict them and are ready to rehab, you have various loan options to cover the renovations costs and pull out equity.4.

We live in this nice house because I'm covering some of the mortgage expense with the income from the house hack.

NW covers a broad range of neighborhoods.

The plan is to provide the tenant with their own stackable laundry in their unit and offer the shed for storage.Is there a legal timeline needed to give such notice or is issuing a new lease best /covers all bases?

Time to close, cost of capital, & their requirements - there's a few that cover detroit & will lend up to 75% of ARV, 90% of purchase price + 100% of rehab costs

And typically long term rentals don't make it easy to include property management fees into the numbers and have them still work well.I would consider looking into STR type areas where you can avoid the risk of property damages (str and pm insurance covers almost everything that they might damage) and evictions/collections.   

The borrower defaulted once the interest reserve ran out; Peer Street then turned around and lend the defaulting borrower AN ADDITIONAL $500k to cover 9 months interest!.  

Some of the best BRRRR deals I have seen play out this way:You buy a home cheap enough that when you do a renovation and pull out 75-80% LTV, your rent covers your mortgage and you have returned most of your investmentThis is for A-B class areas. 

They can cover up to 90% of the purchase price and 100% of rehab costs, making them ideal for BRRRR projects[1].

All state said they cover cash value for properties built prior to 1940, drewlling comes out less than half of asking price.