To avoid that, set a firm, realistic budget from the beginning and make sure you stick to it.

Spending $1,000 to start the process can be worthwhile if you’re clear on the steps needed to reach that point.As for renovations, the approach really depends on your goals and the scale of the work.

Transparency is key- detailed budgets, timelines, and exit strategies will set you apart.That said, moving to a new home mid-project could add a lot of stress.

Spend time reading the forum.

Everyone needs to run their own numbers and not take the wholesaler's price opinion or rehab budget.

If you are reinvesting it (highly unlikely), the time you are spending doing the work could be put to much better use. 

But its all the same big budget for marketing and go hammer the airwaves/internet.

As long as you're not in a rush, we always recommend spending some time asking questions of DSCR lenders you might be looking at.

If you came to me with an unlimited budget and asked me the most desirable place to live on Earth, my response would be Malibu or the Pacific Palisades. 

I can tell you that being around new construction the past 12 years, I would say 1/4 of the projects we have been apart from residential to commercial will experience delays to MFGs out of stock, HOAs changing their specs, Cities changing their specs, Weather 2-3Xs budgeted rain delays, Subcontractor injuries and death.....Then Hurricane Harvey in Houston are.....WOAH  major delays...I have seen it.We are happy to be providing funding to DCGI's BTR community members, many have gotten their applications in already and look forward to helping the rest of yall accomplish your real estate goals.