It's a way better experience if you can find a local resource than these larger, national servicers.

Same if you park it (your cash, not your ride) and not use it at all. 

Of course, you can't protect yourself completely, but this will also help you prepare for buying the next properties a little better, and it's an exercise I generally do when I'm on a showing for a property I'm serious about so that I'm factoring this into my analysis to some degree in a "capex" reserve.Capital ExpenseRoofWater Heater x2All AppliancesDriveway/Parking LotBoiler x2FlooringPlumbingWindowsPaintCabinets/CountersStructure (foundation, framing)Components (garage door, etc.)

I've done roughly 100 flips since 1998, and routinely work with several local hard money lenders in my area as well as a few national ones.

It is a 5br house in southwest side of portage park for $350,000 and each bedroom will rent $800-900 range from comps we found.

That way we can buy homes already placed in parks and make cashflow + a down payment and don't require a real estate license.

I added extended driveway, RV parking, back yard landscaping w/ covered patio, shiplap on two interior walls, and painted accent walls in every room.

I would definitely consider house hacking again but since we just bought out dream little piece of land to park our movable tiny house its definitely not my first thought. 

So like others have shared, this is the time to study and learn and keep saving so when you find the first deal you can knock it out of the park! 

Anything above that needs to be justified - roof replacement, parking lot repaving, etc.