.- Standardized Renovation Models: Establishing a clear scope of work for different property types can help manage costs and reduce unnecessary decisions.

Sometimes, different lenders have different approaches to rental income calculations!

I have a primary home and a rental near Portland, OR.

I have a HELOC on my Texas primary residence and am considering a house hack for my next purchase.

I don’t see much difference either.

Everybody is different, some people like flipping, some like short term rentals, some like long term rentals. 

I will say the abatement if you do it right with a good contractor will be pricy since they have to abide by some different regulations on disposing of it. 

Each program is a little different so it just depends on your situation and income.They are quick and easy though once you get your certificate you can work with any Bank or Lender that is approved to use those DPA's.

Hey Lee, Ohio's a great state for landlords but different cities offer different opportunities. 

During the "fix up" process, you would use a different kind of loan that will end up converting to a DSCR loan once you have tenants living in the unit(s).So, I would need to use maybe a construction loan for the renovations and then convert it to a DSCR loan?