The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.

We will able to make light to medium renovations and have additional team  members available for more complex renovations

I don't see any light at the end of the tunnel for affordable housing.

Purchase price: $280,000 Cash invested: $7,000 Light rehab, rent, and 30 month balloon to refinance.

An LLC is a smart move for individuals looking to protect themselves, grow their business in a professional light, and operate as a corporation. 

I think the easiest way to scale for you would be to start with a turnkey single-family or a light value-add BRRRR in a good market. 

During renovation: getting a wireless solar cellular camera with motion sensors, night vision and lighting or post Renovation a Ring and or simplisafe system while your project is on the market.

This was indeed discovered by the BP team last week when all this information came to light. 

In light of the pending Hurricane, I am anticipating significant damage to at least 1 of the units - likely rendering it uninhabitable for a period of time. 

Prefer light renovations/updates, and ability to force equity with opportunity to add ADU(s).