After taking out the old cabinets, we found some mold behind them so the drywall was also removed and new drywall put in.The paint color is actually a beige/cream color, although my pictures don't reflect that.Living room before:Living room after:The living room got a new window, new vinyl plank flooring, new base trim, and paint.The bedrooms also got new flooring.The bathrooms got new ceramic tile floor, new counter tops, new light fixtures, new faucets, and new mirrors. 

Let’s take a look at several scenarios: Ownership of residential property (consisting of 4 or fewer dwelling units), which is financed (individual total ownership in one’s personal name, or joint ownership in two or more personal names, regardless of who is liable on the note) – YES, this is considered a “financed property.”Ownership of residential property (individual total ownership in one’s personal name, or joint ownership in two or more personal names), which was purchased subject-to the existing financing, and the previous owner is the only party liable on the mortgage – YES, this is considered a “financed property.”Ownership of a residential property, which is owned free and clear – NO, this is not considered a “financed property.”Joint or total ownership of a residential property that is held in the name of a Corporation or S-Corporation, even if the borrower is the owner of the Corporation, and the financing is in the name of the Corporation or S-Corporation – NO, this is not considered a “financed property.”Joint or total ownership of a residential property that is held in the name of a Corporation or S-Corporation, even if the borrower is the owner of the Corporation; however, the financing is in the name of the borrower – YES, this is considered a “financed property.”Ownership of a residential property that is held in the name of a Limited Liability Company (LLC) or Partnership where the borrower(s) have an individual or combined ownership in the LLC or Partnership of 25% or more, regardless of the entity (or borrower) that is the obligor on the mortgage – YES, this is considered a “financed property.”Ownership of a residential property that is held in the name of a Limited Liability Company (LLC) or Partnership where the borrower(s) have an individual or combined ownership in the LLC or Partnership of less than 25%, and the financing is in the name of the LLC or Partnership – NO, this is not considered a “financed property.”Ownership of a residential property that is held in the name of a Limited Liability Company (LLC) or Partnership where the borrower(s) have an individual or combined ownership in the LLC or Partnership of less than 25%, and the financing is in the name of the borrower – YES, this is considered a “financed property.”Residential property held in a REVOCABLE trust – YES, this is considered a “financed property.”Residential property held in an IRREVOCABLE trust and the borrower has NOT personally guaranteed the debt – NO, this is not considered a “financed property.”Residential property held in an IRREVOCABLE trust and the borrower HAS personally guaranteed the debt – YES, this is considered a “financed property.”Obligation on a mortgage debt for a residential property, regardless of whether or not the borrower has an ownership interest in the property – YES, this is considered a “financed property.”Ownership of a vacant residential lot, even if it is financed – NO, this is not considered a “financed property.”Ownership of commercial real estate (office building, retail space, warehouse space, etc.) – NO, this is not considered a “financed property.”Ownership of a multifamily property (consisting of more than 4 dwelling units) – NO, this is not considered a “financed property.”Ownership in a time share – NO, this is not considered a “financed property.”Ownership of a manufactured home and the land on which it is situated that is titled as real property – YES, this is considered a “financed property.”Ownership of a manufactured home on a leasehold estate not titles as real property (chattel lien on the home) – NO, this is not considered a “financed property.” 

Mortgage servicers are sophisticated investors as well, they have had the same problems for decades.Local knowledge, I suspect they will dictate what the management and fees will be, much like Lender's Services, the cream of the crop in any area who are most successful usually don't, nor do the need to work that way.

I'm tending the ice cream maker and then gonna head out to the pool with my kids and dad.

Take the few that are the cream of the crop and the others, wholesale to investors.and again. . .

Just because you shaved off $300 from the P&I payment doesn't mean the borrower will once again be a successful borrower.

& they also raised the 1x fee of like 1.75% of the loan. so if you buy a house for $100k, they ding you for $1750 at closing (may have even gone up; I lose count as our govt is broke & trying to cream the consumer).Wait until you have 20%.

And sometimes you may even need to take the kids with you, maybe a little bribe of ice-cream will convince them to sit in the car for a while so you can drive for dollars or go check on a property.

I'm sure you see where I'm going with this - In essence you create a self-licking ice-cream cone by operating within a certain philosophy.

ONLY USE HIGH QUALITY FLAPPERS....never shave dollars by putting cheap or incorrect flappers in.I haven't done all the extra low flow shower heads and low flow attachments on fixtures.