Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

We then listed the property on Airbnb.

The other thing you could do pay your cleaner to come by on trash day, take it out then back in. 

It would help if you describe the tasks you want accomplished, then we can address how we handle those responsibilities.

If the credit screening costs $25, then you earn nothing.I believe there are exceptions for a higher fee, but you have to stick to the actual cost of the screening.I would talk to an attorney before charging more than $25 per applicant.

If you live in the basement then you can legally STR the top in most areas.

If your really needed it one could also consider hard money though that will come with higher rates and getting someone to give you 300k first time might be harder than just getting loan then you could refinance it later.Since your a high net worth person I would also try talking to local/regional and even big bank lenders.

Its a good thing they profited, because projects can go south sometimes and then that really hurts.  

In such situations, the best way to proceed is to do your own searches and then contact the listing agents of the properties you're interested in.

Frame it like this: "in order to make sure you get paid on time I want to have a schedule of when the draw inspections should happen with the bank"Then, you have a schedule to keep an eye on and if they're slipping, you can ask them why and see how you can help them get back on track.