I.e. the loan will pay out $5K if you have a GC tile the bathroom, but will not pay out $1K for materials if you tile the bathroom yourself.If you've got the funds to purchase a property and enough excess income (plus new rental income) to tackle updates over time, then you can go the conventional route and lock up that 30 year financing which is a great way to start out.  

I also have a background in electricity so I'm comfortable working with it.Never again will I tackle an entire room of drywall (I'm not great at taping/finishing), sagging floor joists, concrete or brick work, major exterior painting, or heavy landscaping/clearing trees and brush.

This is new to me and scares me, but I really want to tackle this fear and become comfortable with  investing out of state. 

From a twitter series:Why is  this boring innocuous sounding form is so crucial to financing your real estate investment properties?

(I intend to tackle this myself, because I do not trust others with my money, but if I have to, I will hire an accountant to help.)* You need to file state tax return in each state you own that has state tax!!

Your response was very helpful and has also opened the door to some additional questions that I will tackle as time permits. 

My GC and I have already done a walk thru and made a plan of the things we're tackling first etc.

Anything will chemicals, detergents, carpet, drape, new car seats can cause more health discomfort and Feds have not tackled them yet. 

For developers in Denver, City of Denver recently came out with some recommendations for tackling slot homes and rowhomes.

Im a investor and carpenter looking too tackle the field, if theres anyone on long island looking to network please dm me.