One moved slowly than the other. 60 minutes later, I took all items that was left around and trashed it.

We're now looking to take out conventional financing based on the equity we have to do a few things - pay off our existing private loan, fund some larger ticket renovation items (i.e.

There is decent diversity in house stock; so you could invest in SFRs, duplexes, 4-plexes, and small multi-family. 

. - Call every 2-3 days to get project updates - Pay for materials with your lowes pro business credit card over the phone - Ask contractor for itemized list of things that needed to be doneThe above will ensure your sucess.

What if large cap ex items pop up?

The plans and specifications for the improvements must be itemized along with an estimate for how long the construction period will last.

These items should last 20 years.

I would reccommend protecting yourself in terms of the legality of the transfer, ensuring there aren't any violations, 3rd parties requesting some claim of ownership of the property, most importantly the structural integrity of the property overall is sound and there aren't any big ticket items the current owner should righfully be taking care of that will then be additional issues you inherit. 

Our cleaners just let us know when we are low on items, and we order them from SAMs club.No need to over think it.

Aside from possibly replacing items that upgrade your property value for 3+ years (appliances, countertops, etc) I would not offer any kind of upgrade.