Because they aren't traditional tenants in the sense with a 1 year lease and to determine fit for the house, I like to start everyone on 2-4 month leases and see how they perform.

I think I've found a property that fits my criteria at the right price, but I'm not totally sure on its ARV nor its rehab costs. 

And of course, if your actual cash value is less than the current mortgage(s) on the property, all of the cash value payment will go to the lenders. 

It all comes down to how many can you realistically fit.  

That's so cool—minus the accident, of course!

Of course, on the syndications we put together, we get some compensation for our efforts, so I'll ignore those when discussing my returns below.Of the 11 deals we've had that have gone full cycle, we are averaging about a 40% annualized rate of return. 

Of course making money is on that list, but more importantly, address the other goals which are just as important.

We’re looking at buying a rental and are trying to figure out the best course for taking a second mortgage out.

Of course, if I was a bad boy, just let me know what I got up to that caused the issue.

Only thing better would be initial deposit and then paid in full upon Certificate of Occupancy and punchlist complete.Of course, standard items should also be checked: licensed, insured, willing and able to pull all required permits, reference checks.I would also commonly avoid the cheapest bid you get.