We were very happy with the end product.

But declining an applicant who applied for your rental and you received a credit report stating they had bad credit, is based on facts that you actually paid money to receive about this tenant. 

Presently a fixed mortgage is running around 3.0% which the variable rate is about half a point lower at 2.5%.While I have not found ARM products in the U.S.A. to be quite as flexible as variable rate mortgages at home, the principal is the same.  

The inverse of that is bad debt with high interest rates on declining assets that cost money but give nothing back keeps from creating positive wealth over time.There are those who pay the money and those who lend the money.

@Randy Landman Use this for Molds and Mildew, just mix them together with your paint, I use Glidden Paints since I get 45% off, i buy it from them, and they mix it on my bathroom paints, and I paint around 150 of them at a time. http://www.rustoleum.com/product-catalog/consumer-brands/zinsser/cleaners-and-mold-and-mildew-proof-paints/add-2-prevent-mildew-mildewcide-additive.

One of the upsides of the BRRR method in the midwest/rust belt is the availability of product.  

@Joshua Sayre, yes - if you decide to invest in A or B product there is a chance there will be fewer headaches, but be prepared to pay on aggressive cap rates as many other investors are looking for the same thing.In another thread I talk about the getting started, so let me refer you to the link as you might find a nugget of info that could be helpful to you.http://www.biggerpockets.com/forums/432/topics/188266-i-quit-my-cpa-job-to-buy-large-apartment-buildings 

And by the contractor having skin in the game, the GC would not likely draw our the process and it would be done quicker with attention to the finished product since he/she will profit from a home that will sell quickly.

Yes, they'll pitch you later for other product offers but the training is a bargain. 

The product your selling is not new if someone has been living there3.