Chris has been very responsive for the last week, we walked through the property i invested in and its currently under remodel.

The aspect of buying and selling without the headache of repair, remodel or tenant issues is what I find the most appealing. 

Buy a TLC or "ungly inventor" and use some of the cash to do some renovations before or after depending on if the properties were "Subject to" or would pass an appraisal and had high ARV potential for remodel or build out.

The potential for a loan call is higher and higher with sub to the more parties you involve if that makes sense.Trying to take down four homes sub to and then do remodels to them all, and then list them on short-term rental sites, and get full permitting and ok for not just the STR, but for your renovations and all prior renovations maybe done without a permit, while on subto, sounds like a pretty big mess to me.I would consult with a sub to specialist and prepare for the potential of having all the loans called at some point.

You "create" the 20% DP by completing value add remodels on distressed properties.

Insurance wrote a check for much lower than what contractors were bidding for restoration/remodeling. 

If the remodel only adds what you spend you’ll have to come out of pocket another 20% of the HML plus closing costs to refinance.

For starters, I partnered with a bad wholesaler/contractor on remodeling a duplex in Indianapolis.

This is because it's relatively easy to remodel in the Winter but it's nearly impossible to find a great tenant in the Winter.

New or remodeled stuff rarely works for LT rentals and never works for value add/flips.