Hi Krystal,I have recently been issued my Remodeling contractors license.

Get the BEST realtor in the area of your home, preferably a realtor who is also investing in remodeling homes.

From my experience with caring for an investors books in the past who wholesaled approx. 350 houses, remodeled approx. 55 houses per year, and with their books in great order, I would spend approx. 1-2 hours a week which included payroll. 

In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.

Can you remodel it using the FHA 203(k) loan? 

Now I know a lot of people will say test prices which I plan on doing eventually but at the moment I am being aggressive on the remodeling / re investing side and since high season is only a few months a year in my area I dont want to miss out on revenue when I do not have to. 

[Not sure what @Henry M. means by 'day rate', there is no such thing with General Contractors, must be doing small jobs with pick-up laborers]And yes @Alan F. is spot on...there are way more investors that screw up a project...no idea how to screen Contractors, no idea how to do their job right on a remodel (have clear objectives and don't change them, then stay out of the way)

Hello BP friends we are in Ohio considering remodeling a unit of a four plex and turn it into Airbnb.  

It sounds like you have a solid plan in place, and I'll provide some insights and advice based on your questions:Maximizing Investment Longevity:It's a smart move that you're house hacking with an FHA 203K loan, remodeling for appreciation, and then refinancing to extract equity for other investments.

Going back to your suggestion, I am moving on from the lender I posted about, if you see the first two replies; where the user's name goes in the upper left corner says that "account closed" The borrowers I have can put up 30% down and rehab property as most of them are in the "remodeling business.