Hello all, I have a prospective tenant for a rent by room strategy, we're in initial stages (he hasn't officially filled out the application to verify his credit score) and he is letting me know he filed bankruptcy in 2020, but his credit score should be above 620. 

I am a solar energy specialist and know the ins and outs from the preliminaries to the set up and the final stages.  

Quote from @Steven DeMarco: Quote from @Pat Lulewicz: This staging company looks like they got you.

It seems like each market has its own set of tradeoffs to consider and it ultimately comes down to what I'm optimizing for at this stage of my investor journey. 

As a result (at least in my area) most appraisers rush this process and give something like 112% value for remodel- which is utterly ludicrous, as our remodels are enormously leveraged and should give closer to 300% value.And with these ARV based DSCR programs, you need a high ARV dollar amount, or else they further drop your LTV.

**Stage 1 - Beginner Wholesaler**From 2017 to 2018, I was just getting used to the ropes.

Negotiate with the Seller: Depending on the market and the seller's flexibility, you might be able to negotiate a lower EMD or even delay the deposit until a later stage in the transaction.

Most hard money loans work on a draw system, where you pay for part of the rehab initially, and the lender reimburses you in stages as work is completed.

Also what is your personal REI stage?

Photography and staging - does the home have great photos and decor?