For instance, in my private lending, I dont really give a numerical credit score much weight, but I absolutely look at the composition and history of the individual tradelines on a report if the borrower is a smaller outfit, such as a single member LLC or similar solopreneur-type operator.

@Denise Evans should have some great insight on this.And, maybe shed some light on the anti-squatter legislation that governor mee-maw signed a while back.

We went from buying light rehabs to buying major foundation and mold issues to make numbers work until even that did not work anymore.

Sometimes you can bring to life an old cabinet simply by painting it, putting new hardware on, and maybe updating a light fixture in the room that shines brighter, and not yellow. 

Most of my options were breakeven haha still learning the game.I am in the process of finalizing what the exterior finish will be on my new build, most likely very light grey stucco, pretty excited about it.

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Historically in EBR, though, once the exemption is in place, it is unlikely to be removed unless the property is reassessed, there is a complaint, or some other action occurs to bring non-owner occupancy to light, such as buying a new primary residence in the parish.

Caulking a bathtub for a plumber is the easiest job he could charge money for, short of charging to lite a pilot light on a furnace or water heater.  

Above are just hypotheticals, but they bring to light the point, which is, evaluating opportunities requires apples to apples comparisons. 

The guy that turns on and off the lights in the P&G lobby has a couple million in stock.