While I don’t yet own investment properties, my wife and I have successfully remodeled and sold a home for a profit, and I’m eager to build on that experience.

Credit Rating/Bank Statements/Tax Returns: Specify your requirements, if important to you.Purchase Criterion: How do you define a good deal, which will be profitable for your borrower and safe for you?

Despite paying fees, doing a deal and making some profit is better than sitting on the sidelines. 

The smaller more nimble banks such as state chartered or regional banks are better able to service you.If the LLC that owns the property is part of a legitimate business, is profitable, then you stand a good chance of securing some kind of funding.

They would offer a more hands free approach, but eat up the profit in return.

This is the piece savvy investors know how to do to unlock outsized profits..Thanks Greg.

- The inspectors aren't stupid and will see that everything is brand new and then research for permits.Also can't think how you can make this profitable.

They usually have a small upcharge on the work done but it's generally not a profit center for them. 

I know for our portal in Buildium owners can log in and run different reports like income statements, profit and loss, general ledger, etc.

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.