I live in Northern California and my goal is to flip houses out of California and roll that income into rentals for equity growth.

Here are the four things I order  1- BPO (150.00)2- home inspection (350.00)3- pre-lim (225.00 maybe free)4- appraisal. (500.00) That 1225 tells me everything I need to know and I’ll kick the deal at each stage if the numbers don’t perform. 

I'd ask for their trailing 12 month income statements (a T12) and a current rent roll to start your analysis

After moving out, we re-stained the front porch posts with a darker stain (photo is pre-stain), replaced the front door, did touch-up painting on walls and trim, installed new keyed-alike locks on front/back door, and installed a vented bathroom exhaust fan that wasn't there prior. 

I know, I know, the *** b4 the cart (insert eye rolling emoji here).The next day we heard that tropical storm Michael (2018) was getting more serious but was still just a cat 3 and heading toward the Florida Panhandle.

I rolled some funds from a previous flip into this purchase.

*eyes roll* got it.But practically speaking it makes sense.

Hey Sinuway, I'd recommend connecting with a few like minded lenders and realtors who could step you through the pre approval and negotiation process.

I'm going to have an attorney review my lease agreement, but all the documentation that I have came with my BiggerPockets MANAGING RENTAL PROPERTIES book a few years ago, pre-pandemic...and it's a lot.For those using KeyCheck for their MTR listings, did you also find that additional documentation was needed, besides the 3 key things that KC provides? 

By fall of 2021, both the visiting scholars and the vacationers were back in town, a lot of furnished listings had disappeared and I am back to renting at my pre-pandemic rates.