Ideally you offer 2 or 3 yrs depending on your circumstances with an option to have a one time 6 or 12 month extension.

@Tyler Goulden I have been doing some extensive research into this strategy myself.

If the renovation is extensive, you could run into some unexpected repairs like a broken sewer line, or mold that is found when the cabinets are ripped out.

We use an extensive checklist for our DD on notes and with the ability to purchase reports for value, title and BK, as well as social media and online court system records to review many aspects of the borrows status, there is not much that slows us down. 

I'd like to have the ability to finance a property that might be under the 50,000 dollar threshold that I keep seeming to run into with lenders.2) Does anyone have a good realtor that works extensively with investors and will really understand what my wife and I are trying to accomplish?

However, after looking into it it looks like no bank or lender would lend (even on a great deal) to someone without an extensive history of deals or collateral. - I can provide numbers if that helps with the question.Questions:1.

You can do it yourself many do check the costs as in any purchase so you know how it's going to impact your bottom line. and if you chose an outside service make sure of any automatic extensions and notice required to end service with them and clauses that if you accept their renter and end service with them that your forced to also give tenant notice, which has been disclosed in prior post on BP.

For instance putting the words "realty" or "brokerage" in a company name is illegal in most states if it is not a real estate brokerage.If the company is just a holding company for your rentals, Id also suggest staring clear of using your own name.

(You basically told your lender you were planning to change jobs shortly after closing...something they obviously don't like to hear).The first thing you probably need to do is negotiate an extension to your contract in order to (hopefully) avoid losing your deposit. 

I will just add that one can partner with his plan in some instances, but because it does involve risk, will limit your flexibility with the investment, and can be prohibited depending on the circumstances of the partnering, it is generally not recommended.