For 2-4 properties.When it reaches 5, I plan to hand it over to a PM company. with only 2- 4 props you really do not need anything.

We did some fix and flips on rental cabins (6 in total) a couple of years ago.

On the other hand, it appears you are using them as a GC. 

I view this last point as an advantage, because it leaves me open to any market and forces me to build a hands-off system.

hi @Alvin TaverasMortgage Broker here, i've been referring clients out to Credit Unions for their HELOCs. we have a handful of lenders that can do them, but i'm finding the juice is not worth the squeeze in the broker/ wholesale world.

Overall, though the cash flow in my market may be lower, the strong appreciation has made for a higher total ROI and I've continued to buy here. 

;-) How much total did you invest in this SFR?

Rehab should only take a month so I'm thinking 3-4 months total.

If the daylight basement is being rented as an STR, can you still take bonus depreciation on the daylight basement square footage if it is 48-50% of the total square footage of the home?

It appears the base zoning must allow for the creation of 3 units in order to lease a total of 8 bedrooms.