Another important thing not mentioned is that you need to list your lender as "additional insured" on your insurance policy. 

Perhaps hire the PM as a second set of eyes for quality control but that should be in addition to the GC you should hire from day one. 

However, this approach might add complexity, such as additional tax filings, self-employment taxes, and administrative costs.

In addition to appraisal/financing, I would also wonder if it's possible to get it insured (like, liability insurance for guest slips and falls).But instead of thinking about why it wouldn't work, think about how it could. 

So, the tax man will take a chunk in addition to your costs to sell (commissions, etc). 10.

If there is an addition that is not part of their diagram that would be an indication that the issue that concerns you may exist and then I would look further to see if there were permits for that addition.

In addition, I do want to get some type of temporary security camera for the property while doing some minor rehab fixes, Are there any suggestions for temporary security cameras?

A good broker can always add additional lenders to their mix if you get a really one off situation.

What I mean is, if you are thinking $50,000 down, plus closing cost, plus fix up cost, plus time on market to get rented as your foot in the door cost to get up and going- you might want to add an extra line item for additional time and additional costs associated with this type of scenario.

I’m not big on providing THEORETICAL information, so I’ll list the methods I’ve personally used to obtain capital appreciation and wealth building from buying notes, in addition to just collecting the interest. 1.