FHA 203(k) loans are a great way to get into a property, add value, and set yourself up for strong equity when you eventually rent it out.Biggest things to watch out for:1.Contractors & Timeline – The loan requires HUD-approved contractors, and the rehab process can take longer than expected.

If you want to offer a "rebate" of some kind after they stay up to date for certain amount of time, I'm more inclined to go that way, but in general theres no real good reason to put yourself as the owner in the middle of the utilities unless they aren't metered in a way to bill directly.  

There have been a lot of new units coming online the last couple years in the Reno area.

The typical P/HML has a default rate around 1% to 3%.

I make it back a few times a year to Rochester as I still have family there.

In our case there's about a 0.125% LLPA every 20 points in credit score. 

Some require you to live in the property a year before renting. 

We have used a screening process, where the floors are not sanded but screened with a material like a window screen. 

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Austin’s housing market has seen a nearly 23% decline since May 2022, according to Redfin.