Hopefully people smarter than me can chime in here for more creative ways to get rehab money, perhaps using the house as collateral in second position if possible.That's a tough one if you want to keep it.

Flexibility in Financing: Cross collateral loans can provide flexibility in funding different projects or investments without needing to secure additional loans.Cons:1.

We recently did a sealcoat project at one of our properties and a resident walked across the wet sealcoat.  

Anyone can put together a pro forma and tell me what the projected returns are, but that doesn't mean squat.

The problem is, airbnb income is not considered "stable" so for qualifying purposes there isn't a way to project that accurately if there isn't any previous rental history for the property. 

Dont trust anyone’s financial projections.  

Working with contractors can be extremely difficult as projects get delayed and there is poor communication(red flags were not present before project began).

This is a summary of learnings from a recent project I personally completed.  

If so no need to remodel beyond putting in rental tough stuff like hardwood floors. 

BRRRRs are tough for new investors, especially Out Of State, without a reliable team and renovation experience.