The amount is a fraction of what we would have to pay to hire someone. 

Hello & Happy Holidays to all! I'm a new member of not only this community here, but also the "FU Money" community lol. But Im heavily lacking true mentorship to take me to my intended goal of reaching the financi...

It has to do with the professional way you've handled yourself, the good communication with our team and the fact that you are closing your first house with us.  

Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@JerryllYes I completely understand have been a professional data scientist since 2018 before i swapped it out for real estate development 2 years ago.

Unless you are confident in estimating the renovations needed, I would highly recommend getting a contractor's professional opinion of the rehab costs.

I will note though that lots of people manage multiple rentals without hiring a STR management company (myself included).

These are professionals with additional training and a stricter code of ethics.

Research contractors better Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You could also talk to professionals like attorneys or CPAs who might know people interested in lending.