I take a percent off of total top line (including cleaning fees) that is 5-10% less than what a local "hands on" operator would charge.

Would that loan include the renovation costs based on the ARV?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Hi Jessica,I think there are dozens, myself included, and many who now have construction loans outstanding.

Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home I do want to also add that my banker who is the VP of lending and branch manager has been banking me for 30 years..WE have been through all he ups and downs including the GFC were I got almost totally wiped out financially..

For me, that includes late fees, the cost of the eviction filing, etc.

We currently own 13 rental properties and have paid off all loans/mortgages including our primary residence. 

Good point - should have included that.

Rookie question here - when you are talking about multi-family, are you generally talking about larger commercial buildings or also including small (2-4) unit properties in this analysis? 

I want to refurbish the entire house, including a complete kitchen and baths renovation, add an addition on the east side, new roof and siding, new flooring everywhere, paint inside and out"Then ask the GC to go over and put this into a more formal document.