At the very least, you’ll have a point of contact lined up to contact when you’re wrapping up the rehab and ready to start the refinance.In order to use your appraised value, there are lenders with requirements ranging from ‘no seasoning’ to 6-month seasoning.

I started flipping properties and, after a while, began wholesaling because I saw an opportunity since I was already doing marketing direct to seller so I took it.People think wholesaling is easy because of how it is portrayed online, but it is not at all.

It costs maybe 25-50 bucks per month and the servicing company will provide all of the required documentation for their new lender. 

Hi James, There are programs available for rental property transactions that do not require any employment or income information needed on the loan. 

Eventually, and regretfully, I signed up for QuickBooks Online.

Unless specifically allowed or required by Section 8, this is often illegal both for the tenant and the landlord and you will often be required to sign a document to that effect. 

If people are getting free electricity and water, they tend to be a little less frugal :) .Then check on insurance costs for a MFH and add that to your projections.Finally, talk to your contractors and see what requires permits, what their experience has been in getting them to pass inspections, the timeline and the cost.Factor all of these into the decision to move forward or leave as is - maybe advertise it as a 4/1 with a home office with outside access and get more rent that way.One last point - I hope that the addition you mentioned was done with permits and is reflected on the tax rolls because if not, you may open a can of worms you wish you had not.

Recognize being the GC is work, requires strong organization skills (especially with tight timelines), decent communication skills, and design skills.I have acted as GC many times and have done well on these rehabs but I recently completed a large rehab (completed mid May).  

If the floor is only 18 months old, it can probably be repaired.Even if it does require replacement, I will not let the tenant do the work.First, how does it benefit you?

This is due to the number of months the Bank/Lender is required to hold in escrow for both taxes and home owners insurance.As an example if you buy a home at or over $500K and the taxes are $9800 a year and you buy in a certain month you may be required to have 1 year up front paid on HOI & Taxes plus several months escrowed.