If you reread my post, you'll see that I was clear that my purpose was to avoid that what you wrote would unintentionally mislead.

Based on your post and other comments, it sounds like your rehab is extensive enough that the property isn't habitable.

Any insight would be appreciated (this is my first post ever!)

. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

If you are analyzing 100 deals, use that to take those numbers down to 25-30 days that could really be deals then go deeper with GCs to get you full details on what you would be paying on rehab and good comps.

I, too would like to revive this post. 

But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.

To avoid a dispute, it’s crucial to add the trust or LLC as an additional insured on the policy.”This is a simple but crucial step to help protect your home.Please share this post with your family and friends to keep them informed.

=)I came across this post while doing a Google search and wanted to chime in.I’m Mark Simpson, founder of Boostly, and I’ve really enjoyed reading through all the comments.

Hope this is helpful and let me know if you want to see the full analysis!