Because these are renovated to suit and can be licensed for assisted living, we are able to lease them for ~3X market rent.

I'm not that experienced, but for the one renovation we've done, we purchased the materials.

I’m nearing the completion of my Tennessee Real Estate License, and I’m eager to connect with like-minded individuals in the real estate space, specifically in the Nashville and Franklin areas.I bring over 8 years of experience in renovations and custom home building, which has given me a deep understanding of the construction side of real estate.

We don't just rehab, we renovate and design.

I will be moving into the 5 bed 3 bath because the tenant has been there half as long as the upstairs tenant (therefore that is the unit I am legally directed to move into vs the more tenured upstairs tenant).I do not need the space of a 5 bed 3 bath apartment so am planning on renovating the entire space and turning it into x2 2 bed 2 bath apartments while I am living there.

What if a property is slightly rundown and would need to have some renovations done before it could rent out for fair market value, would a DSCR loan still work for that? 

Just make sure you have a good team (contractors, inspectors) lined up to help you navigate the renovations.

Purchase price: $550,000 Cash invested: $150,000 Purchased and completely renovated a 10 unit building in North Carolina.

I think it's okay to not have a deluxe backyard, see what the market is demanding.We didn't want to or have the funds to do a full renovation, Here are some things we did when we got our primary ready to rent:-Tore out fiberglass tub and surround in master bedroom-Had new tub and tile surround put in (felt nicer for primary bedroom suite)-New toilets and all new faucets-Hired guy to resurface all kitchen and bathroom countertops-Took down popcorn ceiling and had resurfaced/ painted-Neutral paint and trim throughout (had different colors all over prior)-changed out washer hook-up valves to prevent issues Things I wish we would've taken care of:-regular yard maintenance hired out and baked into rent-LVP flooring throughout (kept mix of tile and carpet)Just did final walkthrough and got keys this morning for tenant moving out.

Had to replace the sewage lines on one, then we'll have 2 more that need to be renovated before renting out.