I also layout that as a landlord, I am responsible for major repairs, including HVAC, mechanical, and plumbing.

Knowledge of the mechanics of the differing deal methodology 8.

@Viral Patel, I'm sure the process will vary from state to state but generally when a tradesman files for a mechanics lien, I think they attach the property at that point probably with something like a lis pendens which is basically a notice that pending litigation could affect the title to the property.

And on top of that another $50k in student loans, and $20k auto loans. 

A friend of my mechanic recommended his brother and friend, and I gave them a punch list of the work. 

When you request a rehab draw, the lender will search for mechanics liens and see the second mortgage.

I am seeing some online auto-generated that range from $30-$100 - some requiring a membership that includes other services that I don't need right now, and I'm not sure they are all customizable for me to add my own addendums or clauses. 

Make sure you check your bylaws to confirm there are no issues renting out your condo as many HOAs have put limitations and other requiremets in place.You'll also need to update your insurance coverage to a landlord policy and make sure you understand any vacancy triggers - many policies will auto-terminate if home vacant more than 30 days.Start researching rental applications and leases ASAP, so you're ready with those when you start advertising.

Value is being added by doing a full gut to the property, new mechanicals (plumbing, electric, and HCAV), as well as new cosmetics throughout.

My one concern so far with their application, though, is their combined credit card debt, which is four times that of the average US household, and twice as high as the average for their income bracket (they also have student debt and an auto loan).