They would also provide the funding and renovation funds at 7%.  

The key is ensuring the property can generate enough income to cover the payments and any renovations you plan.As for pulling out equity later, this depends on the agreement terms.

Maybe partner up with a local flipper on the renovation, split the profits after the sell and move on.

As you scale, make sure to factor in seasonality, renovation surprises, and buyer demand in different areas.

Sure I have doubts now that I’m midway through renovations…but I feel the contacts I’ve gained in a new city (electricians, plumbers, etc) are worth their weight in gold.

With that, you could cover the costs for renovations, closing costs, or even set up escrow for those senior living sponsorships.

Here’s a breakdown of some of the information you may need to provide for a cost segregation study.For existing buildings:List of equipment on the propertyProperty settlement stateAny appraisals or purchase/lease agreements Property maps or blueprintsSchedules, change orders or documents for future renovation plansSupporting documents for calculating real property book valuePrevious purchase price allocations that separated assets into their appropriate allocation and valuePast site inspections and photographsDocumentation that proves or records deterioration of assetsFor new construction:Contracts or contract paymentsLand and property sizeBlueprints of projectList of equipment involved or purchasedList of projected costs including costs for land developmentApplicable site inspectionsConstruction schedules and payment requestsPhotographs of completed assets or work in progressCost segregation specialists typically have an organized plan for the collection and analysis of the information provided.

I am writing to explore rental opportunities for a recently renovated property that has been 90% restored following fire damage.

For many it could be a decent strategy to invest their money back into their property.Its the same thing for doing a renovation.

Some lenders will fund 100% of the deal + renovations if you are experienced.Wholesaling is possible but be mindful that it is a business, you don't make any money until you can persuade someone to sell their house and then to find a buyer.I personally think its easier to be an agent, still a business but there should be people teaching you and you have more of a reputation when talking to sellers.