We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.

However, when I submitted paperwork for my first loan draw, the lender requested permits not only for the roof but also for the significant interior work underway, such as HVAC installations.

Installing effective software for simplified documentation is critical for organizing and managing the massive amount of data involved in the due diligence process.Physical property inspections and unit walkthroughs are equally crucial as financial due diligence.

If at all possible, never install mini-split, install duct work.Measure, Measure, Measure.

So if June's rent was $2000, they'd pay $1000 on June 1 and another $1000 on June 15...if the agreement is to pay in two installments, both of those are on time.

Plumbing was installed in violation of code requirements in effect at the time of installation....Violation 5: PermitsNarrative: Please obtain the following building permits.1.

Solar costs money to install and benefits you how?  

I installed a 2 1/2 ton straight AC with heat strip unit today for $3,900 out the door.  

Like @Carolyn Fuller said it can be a bit hard to setup, but there is a ton of info on them.I have not tried the Aeotec units as I haven't needed one, but maybe for my primary as I installed a Connect lock last year.I would give it a shot like Carolyn said.

If I can pick up the phone and say I want a 3/2 1500 sqft house for around the same price as a stick build delivered and installed on my foundation in 30 days then that would get me excited.