Never flipped before.If you take out a HD loan and say your construction estimate comes in at $100k.Eventually the actual estimated construction costs only cost you $90k.When you take a draw does the bank give you money based on receipts/invoices?

Don't you love it when they paint over oil based with water based?

I just got back from the MTR Summit and met a great Ohio based STR and MTR property manager.

There are other cloud based self managed property management softwares that you could look into if you're looking for self management tools, but they are not free though.

I charge a deposit based on tenant risk levels.

He could have done 23 years (unusual) but needed the payments to be close to his BAH base allowance housing so he got the full amount. 

@Austin Tam So you invested in a house you never saw and paid a draw based only on pictures taken by the scammer?  

How can I safely put a cap rate just based on my asking price and NOI?

I analyze based onthe return that we are getting with our investors' money. - Annualized ROIFor Rentals that wehold in our portfolio, that were perhaps once BRRRRs, I analyze based on ROE -Return on Equity

I tried PriceLabs for 6mo based on the recommendations of the Mid-Term Rental Book from BiggerPockets.