Given the photo of that fix/flip, I assume you're OK with a "fixer upper" or would you prefer a turn-key rental?

Lower Repair CostsHiring licensed contractors for minor fixes can be costly.

We were surprised that Kiavi never thought to call the vendor of their software, or a database technician, to fix this.We provided the requested copy of our LLC articles of organization.

I exclusively invest out of state (buy and hold / fix n flip) because cashflow is extremely difficult to find in this area.

If I have a problem with my newspaper delivery or something equally non-critical, I'd like an answer or fix  now, but if it's later today or tomorrow, not a big deal. 

We are in both of those markets for fix and flips & buy and holds.

Not good I think its a good tool for fix and flip and short term holds but not for long term holds if you have not ability to refi or enough equity to sell quickly even if you do and the sellers loan gets called they are still going to get their credit trashed. . 

For example, if you have $130K in equity, you might get $100K-$110K available in a HELOC.Look for a fixed-rate option for the HELOC to avoid rising rates.

It makes sense for your new build but you'll have leverage something (fixed rate) to get out of that loan. 

If you're going to live in it for a bit and fix it up you can adjust accordingly.