If you called the lender that did the original loan they may just be trying to prevent themselves from getting portion of commission recaptured from an early payoff.

Can you come from a long day and cook a quick meal with an InstaPot or air fryer?

That will prevent them from qualifying for other rentals, a personal loan, or a home loan.I have sent nearly 60 tenants to collections.

These are some sick Air BnBRRRRs!

I’m active duty Air Force and have four properties.

I am assuming the answer is "yes" to get credit card points and prevent a contractor from charging a premium on materials. 

It may or may not have central air, deck, porch, etc.

•This prevents you from depreciating two roofs simultaneously.

So your 50k doesn't stretch as far as you think once you start adding everything up.Thank you for this information, it gave me a lot more clarity.I was thinking for my first deal, I could find a property for $125,000 including down payment and use an FHA loan so I only put 3.5% down, I’ll be using less of my $50K capital which will help prevent my $50K from getting drained after down payment, closing costs, etc, let’s say $12,000 total, I’ll have $38,000 left in capital. 

For example my simple spruce up would be, renno bathroom, and kitchen, paint, and redo carpet upstairs.But if i think real deep into what I could do to make it a STUNNER then I think, knock down walls, create more open/broken floor plan, add central air, possibly do an addition to add a 3rd bedroom and second bath.So when you could do ANYTHING .. how do you draw the line of what you should do?