Also with these properties, you can buy in bulk for flooring, window coverings, fire alarms, etc.  

In most cases, this is enough information to figure out if you have a deal that is going to benefit the client and make sense for them (this is assuming you can get an estimated value of the home you'll be refinancing through other means, otherwise, you might also ask them for their estimate as to what their home is worth).If you're past this point of figuring out whether it's a deal that makes sense for them and you haven't run automated underwriting to determine what documentation is being asked for, here's a pretty standard list:- 2023/2022 W2s (any/all jobs worked during these years, regardless of how long they were on the job)- Most recent mortgage statement for the loan(s) you'll be paying off- Copy of their homeowner's insurance binder or contact information for their homeowner's insurance agent so that you can request this on their behalf- Most recent pay stubs covering 30 days (typically this is the last two pay stubs)- If the property is in a homeowner's association, you'll want a recent HOA statement showing how much the borrower pays for their HOA dues- Copy of the borrower's driver's license or ID card - front and back- If your deal requires an appraisal, you may want to get payment information from the client now. 

Below is a screen shot of our property management FAQ.

1% is a useful screen criterial for evaluating cash flow properties.  

RTR also provided a rent comp covering the difference in rent from what we expected, which is above & beyond as they were not obligated to do that.

@Matthew Anderson- thanks ...good job ...Most  lenders will not  have a cash out refinance  program  that will  have a LTV  above  75% ...you might  focus on getting a rate/ term  refinance done to payoff the hard money loan and cover these costs  and then  try to replenish your remodel costs some other way  ( HELOC on the subject property or on your home )

@Hillary Klumpp most banks and credit unions advertise rates and terms on their websites, making initial screening fairly easy.

There are lenders that do no seasoning cashout upto 80% LTV as long as the rent covers the mortgage . average lender is at 6 month seasoning for new value and some are even going as far as 12 months now 

She covered attorney fees, closing costs, title and paid up the property tax through the end of last year.

My priorities are finding a company with a strong track record in:-Tenant screening and placement-Rent collection and financial reporting-Maintenance coordination and responsiveness-Competitive management feesAny insights or recommendations from experienced Lafayette investors would be greatly appreciated!