I have rental property, and I'm thinking about refinancing using the VA Streamline IRRRL.

I'm doing my best to streamline the process since I'm managing the property myself from Atlanta, but I don't want to run into situations where my guests really need me and can't contact me. 

@Angelo Mart The government should really step in and pay the lease rents, that would be the most streamlined way to do it.

In addition to the points made regarding quick closes, ability to leverage to complete more projects, and acquire financing when banks will not offer it, from my experience good Hard Money can streamline and scale your process as an investor.

Any ideas we can suggest to BP on ways to streamline the Forums Subject, Topic search process?   

Looking for thoughts on how to streamline a better process or room for improvement.

Not only the property has to appraise, but the property also has to pass the self-sufficiency rule, meaning 75% of income (if it's a 4 unit - the total amount of rents from all 4 units) has to cover 100% of the mortgage payment: PITI.In Chicago that's a challenge, so make sure your Realtor knows how to navigate everything that will pop-up after you place the property under contract.Lastly: If the property needs any work, take advantage of the 203K rehab loan or the streamline FHA loan ( lower amount of renovation cost, up to $35,000 including reserves).Good luck to you!

Streamlined one seems too easy ...

President to sign later todaySBA Loans:SAB Express - For businesseswill probably need receipts/documents to prove payroll & ExpensesSBA Disaster Relief Fund - For individualsMay be good alternative to ForbearanceMore flexible with what you can spend it onCan coach tenants to apply if they need helpBoth processes seem to be streamlined but with so many ppl applying, expect longer waitsIf you think you will need it, apply NOW.

Step 3:o Determine your Purchase Price (Highest Dollar Amount you will pay for the deal to make sense)o Calculate the Total Cost of Repairs and Closing Cost§ “Deal Economic sheets” can be very useful to streamline this process for determining closing cost (title, tax, lawyer, etc.)o Add [Purchase Price and Total Cost] together.Step 4:o Minus the Amount from o [Step 3 Purchase Price + Total Cost] from o [Step 2 Projected ARV Amount] o = TOTAL PROFIT This will calculate the total amount of profit you will make after listing and selling the property.