Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

Depending on your team, I've seen the ALTA provider also offer that, you can coordinate with your architects, or you can work directly with the municipality.It is particularly helpful if you are making renovations or development changes to an existing structure where zoning regulations may have changed from the existing structure to the present alterations.

Hard Money loans on primary residences do exist, but not in the traditional sense.

I think this business plan exists in all types of real estate and non-real estate businesses.

Now, I think other ways to reach potential residents exist, and more cheaply.

Or did you really feel that could honestly happen?

Additionally I have multiple prospects very close to my existing home that have not been remodeled since construction in the late 1970's.  

Prices are high, regulations favor tenants, and finding deals that truly pencil out can feel like looking for a needle in a haystack.

The first thing to do is get the permission of the existing mortgage company.

Kitchen:Demo & Prep ($2,000):DIY cabinet removal, backsplash removal, and some demolition.Professional for disconnecting gas lines and major plumbing.Dumpster rental.Cabinets ($6,500):Option 1: Refacing existing cabinets.