This is precisely what the Federal Reserve wants: to slow the velocity of consumer capital in hopes that pricing comes down.

Manager agrees to indemnify and defend Owner (including but not limited to any legal fees) for any willful misconduct on Manager’s part, or in response to any liability, loss, damage, costs or expenses arising out of claims or allegations based on Manager or Manager’s agent's failure to adhere to this Agreement or any federal or state laws relating to consumer transactions or the leasing of residential real property.

(and realistically a different fully qualified applicant will be given the lease while the first person tries to obtain additional documents)My lease allows for a small monthly pet fee, a modest non-refundable pet deposit, and verbiage that if they lie about the status of a service animal, that they will be charged an additional large fee for lying.

Then chasing materials and actually doing the work is a time consuming venture. 

Kenji, I'm an out of state investor living in Brooklyn and an avid Bigger Pockets consumer.

People should really pay attention to the kind of content they consume, especially the mostly negative and scary news that is oftentimes biased and ultimately leads people to not take action and miss out.

To start modest and build confidence, start with tiny, reasonable investments, like house hacking.

:)With the modest ltv and your credit, this one prices really well.

So this is probably not the most efficient way, as it is very time consuming, but for lighter rehabs we go on home depot website and find prices of the materials we will need.

@Christopher Tanner I would be interested in something like that from a consumer standpoint but also from a development standpoint possibly.