@Derrick Roland II Let's see, traffic noise, challenges backing out of your driveway, have to keep kids in backyard and off front sidewalks, big trucks passing by will shake the whole place, can't think of anything positive.All the negatives will reduce your max rent and make it harder/longer to find tenants.What's more important is understanding if the Neighborhood is Class C or D.

Verifying last 2 years of rental history very important!

And more importantly did you disclose ahead of time to the applicants there is a charge?

Some update about the lending requirement of my Chase loan program:Product:        DSCR > 1.2Borrower:     Net Worth > Loan Amount     FICO     Liquid Proof > 10% loan amount     DTI: They told me it is not important and don't mention about itIt looks like as long as DSCR of the product is used, it will likely borrower's DTI will not be used.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

This method allows each partner to defer capital gains tax on their portion of the property.It's important to perform the "drop" (distribution of property to partners) well in advance of the "swap" (sale or exchange) to comply with the "held for investment" rule.

The other important items are contract terms (including draw schedule, scope of work and timelines), consistent follow up on progress, & paperwork (estimates and invoices) for change orders - they will undoubtedly come up as no construction project goes precisely as planned or has zero hidden or missed task items that will need to be completed.Time is your enemy on all flip projects so hiring the right contractor who can deliver the services in an efficient manner will often be more beneficial to the flipper than a lower priced contractor and/or a poorer quality contractor.

Verifying last 2 years of rental history very important!

And add an additional security deposit, but more importantly is "Why".  

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.