When I added my second property, it was a lot faster.

If your goal is to pay off the mortgage early, you would refinance to lower the rate and pay down the principal faster.

Depending on how extensive the renovations are, in many cases the architect that draws the renovations plans and helps obtain the building permit is then allowed to supervise the works by signing a "declaration  as the responsible supervisor" and the city inspector comes at the end for a final sign off, allowing therefore for a faster construction timeline.

All cash closings tend to be favorable no matter which way you look at it simply because its a faster closing.

However some people are faster than others.

As a seller, you showing me a you tube of "testimonials" to convince me this is legit...would get you laughed/kicked out of my house faster than anything I could imagine.

Although, when you add a new rental property, you'll also want to be sure to give them a copy of the settlement statement and let them know what your rehab costs were as some things can be depreciated faster than others.

Also, don't focus on how much money can I make without giving equal weight to how much risk can I take and is the trade off worth the risk.  

You will actually need it to make faster progress in REI.check our the podcasts and webiners, and get involved with BP local meets ups....I will only quit when my income from REI matches or exceeds my 9-5 earnings....that way, there will be no shocks....My one cent!

Three bedrooms sells a lot faster and for more than two bedrooms in every market I buy and sell in and bedrooms are a lot cheaper to build.