What numbers are you projecting for an LTR (use BP Rental Calculater!)?

You can usually get this for the project's life then switch back to renters/normal if needed.

Hey @Robert Cucino, you should just buy what you want and move ahead.Nothing we say is going to deter you obviously.Just hit up AirBNB and VRBO and see what others are charging, occupancy and amenities, then get it.Good luck with your project!

It’s written explicitly for investors to help them understand rehab projects and budgets.

It is extremely difficult and managing all the trades, managing the budget and the schedule to get the project completed on time as the quality level you expect.

At a bare minimum, I'd have a T-12 and rent roll for the property, together with your current property analysis, future cash flow projection, and an exit strategy or two.

I recently bought a primary residence all cash and would like to put a HELOC on the property to use as a revolving line of credit for various real estate projects I am working on.

From beginning to finish, this project took us 16 months and were 100% leased within 30 days.

@Karen Seguin, it all depends on what you are trying to convey to your tenants.At minimum, any welcome letter should provide updated contact info for maintenance requests and mailing address for rent payments, and if the legal notice address is different than lease, include that.This can also be a good way to politely remind people of any general rules that you expect them to adhere to.  

The latter two are just a little erratic to me, meaning they produce projections further away (above or below) from what I see in my clients' own vacation rentals.Not sure I can give you a great breakdown.