Most hard money loans work on a draw system, where you pay for part of the rehab initially, and the lender reimburses you in stages as work is completed.

Hi @Harish PasupuletiAs you begin to choose what properties to invest in I would recommend for you is this website. https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

Your perspective on the challenges of smaller markets versus the opportunities in larger, revitalizing cities is well-taken.

The difference with good credit is usually FHA is .55% x loan amount/12 -  versus FANNIE PMI .25% x loan amount/12 . 

You can really focus on the feedback, tweak your product and I would definitely set up a system that can allow you to automate guest messaging.   

And it's good that you're already thinking about systems to manage it.

Update Payment Processing•Work with tenants to transition their rent payments to your system.

Also size, if you're talking about 2 - 4 unit properties versus larger 50+ unit buildings the resources for those are much different. 

@Solen KebedeTo manage a house-sharing property effectively, establish clear communication channels with tenants, automate rent collection, create a solid lease agreement, have a local support system, screen tenants thoroughly, use remote management technology, plan for vacancies, consider professional management, and prepare for your move.

Using your tech background to build systems and processes around your business is the key to scale.When I was getting started I wanted to do it all (wholesaling, flipping, brokering, contracting) and was unsuccessful across the board.