I was thinking I would create a course that involves a field trip to one of the flips I am working and pointing out all of the things they should catch and helping them understand rehab costs at a line item level.I am an expert in electrical and learned plumbing in the Coast Guard.

I've even had the chance to secure cash-out refinances between 6.00-6.50% lately - keep an eye on the 5-year treasury, as 720+ credit and $100k+ properties will be eligible for rates that are about 2.5% over that daily treasury rate. 

Working with a knowledgeable real estate agent and keeping an eye on online listings can also help.

If you’re confident in these numbers, it could help mitigate the risk.Exit Strategy: Your plan to refinance after construction is solid, but keep an eye on where interest rates are heading and ensure the cash-out refinance will cover the HELOC without leaving you in a tight spot.It sounds like you're on the right track, but if you're still feeling uncertain, it might be worth consulting with a local real estate professional or financial advisor who can help you analyze the deal further.

For those out of state who want to invest in Baltimore , do yourself a favor research the area well , put your own eyes on it , run your numbers , then run them again . 

But no worries, I'll be at the next one and we can catch up.  

Fast forward to today, and I’m thrilled to share how this investment has transformed into a remarkable success story.The Beginning:When I first laid eyes on the property, it was clear that it had potential, though it needed some TLC.

So the Deed in escrow avoids some costs but also takes another step to be as protected as you were.I was in the mortgage business for about 15 years, and multiple title transfers do catch the attention of underwriters - from back in the days of fraudulent flips with inflated appraisals. 

The other catch is you have to either document prior experience managing rental units or use a property management company if you need the rental income to qualify. 

So far overall my experience with rentredi has been really good (I found them through the BP ads) and I can recommend but I do still get contacted by my tenants for their maintenance requests which is the main drawback of not having a full property manager in my eyes.