Thanks for input,Charlie@Charlie Krzysiak  It was touched on above but condo's are completely different then single family/townhomes and even 2-4 units multi family  properties.

With most hard money lenders - you will need funds to start the renovations - since they work on a draw system.

Capex is usually lower, around 2-5%, since major replacements like roofs or HVAC systems are far off.

That's good, at least you understand the system.

Quote from @Laura Stayton: Quote from @Karl Kauper: For a 3-bed, 2-bath house in Sutton, MA (good school system), if I screen very carefully (high credit score, work history, no evictions, etc.), please describe for me the worst-case scenario for an eviction process if the tenant refuses to leave at the end of a lease term (assuming I do everything properly according to MA laws)?

My neighbor did this during one those programs (had a 2 family, made into a legal 3 family by converting the basement) but, among other things, he had to install a fire suppression system in the basement, expand windows for egress/ingress purposes, and do a whole bunch of other things.

For individual properties, we've recently started using a QR code system for wi-fi and email capture to save on costs.

- How can I estimate expenses for installing utilities and creating roads, sidewalks, and drainage systems?

Totally worth it to cover any gaps.For managing it all, a Property Management System (PMS) could save you a ton of time by syncing calendars, automating messaging, and handling bookings.

@Jaycee Greene I want to house hack for my first property whether that be SF or Multi Family, there is not too many options where I am for multi family though unfortunately.