In the 30+ rehabs I've done, I learned to start with the finished product in mind. 

They are slow to respond, pay pennies on the dollar to low-qualified contractors, and often reject claims for things you thought was covered.

Hi Michael, it depends on the loan product/type and the corresponding guidelines. 

It's a wholesale product, so reach out to a good mortgage broker in your state to help.

On our home page lendingwise.com you can take an interactive demo of the system:  Product Tour

I’m starting small, with a “Slow and Grow” approach, and have found a 2 BD SFH in my price range (under $150k) that needs rehabbing, BUT it was foreclosed and is now sitting vacant.

Fortunately, our software provider continues to improve their product and allow owners to select alerts they want and don't want.Next, we've asked our software provider to add a feature that would allow our owner clients to select from: Immediate Alerts, Daily Alert Summary, Weekly Summary, Monthly Summary.Of course, we call owners when there's a critical issue.

You want to sell a product that doesn't exist.Set up your business first, then start marketing and finding clients.

If your plan is to flip we help create a product that will sell quickly. 

This doesn't mean they are great deals, generally, in the syndication space as it is known on BP, real estate is the product, but marketing is the business.