Second, you must know the ARV of the property before you purchase it, to determine that the refinance will recover most if not all of your investment.Using a HELOC to finance the down money to buy turnkey properties, will require patience and a keen evaluation of the market in order to get sufficient appreciation in a few years to allow you to pay off the HELOC and refinance the purchase loan. 

When the reserves are needed, they are transferred back to the Operating Bank Account so that the expense may be paid out of the Operating Bank Account.The Reserve Bank Account includes sub accounts set up in your accounting system for the following reserves: Property tax reserve (fund this account monthly with 1/12 of the annual cost property tax expense)Insurance reserve (fund this account monthly with 1/12 of the annual cost of insurance)Replacement reserve (fund this account monthly in an amount to set aside sufficient funds to cover the rental property's anticipated [inevitable] future capital improvement expenses). 

If this is the only duplex in 15 miles is there sufficient demand for this property type, can the units be rented, what is market rent, vacancy etc. 

If the people sketched out outnumbers the people that like the alternative-to-the-standard, then at some point the market punishes us sufficiently for offering the alternative, that we stop offering it. 

You can always probe more if the response isn't sufficiently detailed at that point. 

If they're driving over, taking pictures, and then emailing you and it takes less than an hour, I think $30 - $50 is sufficient.

Sufficient documents include:A recent utility billA mortgage statementAn insurance policyOnce reviewed and approved, we will then lift the hold and restore full access to your Avail account.We strive to ensure that all of our customers love using Avail.

We will require a financial co signer- owns a home with a higher credit score and sufficient income/stability.

That's a lot of checking....Anyway, it should be sufficient to have the GC certify in writing that he and his subs have the required WC at the beginning of the project.

I told them its a new lease and there has been sufficient notice for the rent increase.