Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear. 

These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

We have it set up where they can upload their proof on a regular basis right in their online tenant portal.

.$80k cannot get you at $400k house, you need closing costs + reserves.

To leverage the equity for financing my next deal, a second mortgage seems like a more cost-effective option.

So about 8 houses per year will do ya....but don't forget your costs of doing business AKA overhead....Very good point!

Your net gain is your net sale, minus your adjust cost basis.

He probably spent more on his setup than it would take to get the actual license. 

I imagine the whole process is simpler but can anyone tell me how different it is when you don't borrow the rehab costs?