We went way over our expected budget - by far our worse budget miss ever (remarkably we were only 0.5 week over our 2 month timeline).Using my rule, take the estimates and double them then add for lost occupancy and that is what I would be seeking or the owner have the work done using licensed contractors and do the work, take the risks, and suffer the vacancy costs.If you purchase having to do the work and your appraisal can handle it, the credit at closing is superior to price discount.  

So to expand on the question...hypothetically...you have a 5/3 for rent...your tenants consist of 2 adults and 2 children....they sign the lease agreement...THEN...move in 2 (or more) adults...can you have verbiage in the lease agreement that the rent would then increase a set amount if other occupants (adults) move in...providing they pass the credit/background checks...

Hi, I work for a business lending brokerage (business loans, lines of credit etc.) based in FL.

You only need 20% to qualify, along with a credit score typically north of 660.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

I have around 700 credit score.

No one would suggest to use their own credit or to take out a loan to buy.  

The DSCR will still have a personal guarantee, and whether reported to the credit bureaus or not it needs to be disclosed as a debt, so there's no benefit there.

Hi, @Mike Lambert I've been talking to some credit intermediaries to get some clarification on the various financing options available.

Wondering if you have any particular online companies you recommend that checks evictions, credit reports, collects rents, provides a lease, etc... all in one place. what are some of the pros and cons you have experienced with each company. thanks