The type of home that we've looked into is a condo (I am not a fan of HOA dues), apartment, new construction (ideal, but will this have equity in it later on?)

The rehab budget cannot exceed the purchase price.For a lower-value Detroit Purchase + a 50% rehab budget, say $50k purchase + $25k rehab, the following type of loan scenario would be a possibility:

The Ten Most Ridiculous Type Posters on BP1.

Usually, it's best if there is existing infrastructure in place when taking on this type of endeavor. 

This is because you have hired them to mind and manage your property.If you are self-managing, you want to be able to demonstrate that you are proactively looking after the safety and welfare of your guests and the property, through periodic, documented inspections. 

You can create separate notes for different types of tasks or routines, and it’s all stored online, so you can access it from anywhere.

In our opinion, an investor should only work with agents that meet at least one of the following:1) Own rentals themselves for at least 3 years, at least one of them they bought below market.2) Have a 3-5 year track record of rental transactions, that they can document.3) Know how to calculate 1% Rule, ROI, NOI, etc. and demonstrate how to actually apply them to assist an investor client.4) Have access to tired investors selling their rentals.5) (what can you add here?)

Communication, photos, and documentation is everything in this business. 

This is in a small town that I own and operate other rentals.I am a bit nervous of the type of renters that are in these deferred maint properties currently but see big upside if properties are restored, Partialy because all are within 1/10mile and many property boundaries touching the community college. 

Does anybody have a document / statement they give to their PML to show the interest paid?