Hey Cody,BLUF: Buy a dang house.

Hi I’m a contractor in ma and agree with Brie on both her paragraphs .. especially with the breakdown of materials and labor on an invoice.

Real life example, that meant my PM replaced the garage door opener and sent me an email with the invoice. 

Without going into details, there was some seriously shady stuff going on when we started getting invoices and comparing them to the draws.

I'm a new investor and have just found out about the BP-nation AFTER I closed my first deal - DANG!! 

Basically can send out an automatic monthly invoice for you, coordinate maintenance, etc.Someone at a Meetup was plugging their own PM SaaS (I'm in the Bay Area so this happens kinda often...) and they showed me a demo -- that also looked pretty good since they had Twilio integration which basically allows for you to push SMS texts out to your contractors, etc.

Costs per night tend be pretty dang expansive. 

The one part that people seem to miss with BRRRR and delayed financing is adding rehab costs to your settlement statementbefore you close the house, get an invoice from your contractor for the work and have this included on the HUDYou'll pay for it up front and the escrow will disburse to that your contractorthen when you refi WITHOUT SEASONING you can get back your entire cash input

yes. commonly overlooked for some reasonthe rule is 75% LTV or 100% of HUDso before you close on the house, get the rehab invoice to the closing attorney and have them put it on the hud. then you pay UP FRONT and the disburse through escrow. then when you go to rehab, your settlement statement is cash outlay plus rehab.

We use Buildium for our PM software to track income/expenses for flip projects, manage tenant info, track bills/invoices, and to track the bank accounts associated with our businesses and the PM business.