Inspection Costs - $400 Lender Fees - $1,000 Closing Costs - $2,000 Mortgage Payments - $2,500 Property Taxes - $600 Utilities - $1,000 Insurance - $200 Commissions - $4,000 Selling Closing Costs - $4,000 Home Warranty - $500 Termite Letter - $100 MLS Fees - $100 

Essentially, you have to spend your own money and complete work on the property prior to reimbursing yourself out of the escrowed rehab budget.The draw process typically takes 5-7 days from initial request, to scheduling an inspection, and finally for the lender to wire those funds to you after your work is confirmed by the inspector.

Is a roughly 3% premium to Treasury's typical for a commercial/DSCR loan? 

These are typically located in lesser-known vacation rental markets, but have very strong fundamentals and great room for improvement. 

Just because the cost of the utility is included, doesn't mean you can control if it works or doesn't work.

@Sean MacDonaldI think you summed it up in your observation of your clients, it's very typical here in the valley that the number of transactions will decline right before an election and then those buyers just like your clients will get back in and the number of transactions will pick back up in the months following the election.

We utilize Buildium which seems to pretty organized and easy for our tenants pay their rent through. 

You are not far away but with the down payment and budget, that would put you in some rougher areas which typically have higher turn over or more up front capx.

Utilize Meetup.com or Eventbrite for real estate investing groups, BiggerPockets forums, CTPOA, and local events to connect with landlords, agents, and property managers.

.: Quote from @Mark Cruse: Not sure why suggesting a person utilize an off-market strategy is bad.