The institionalized players typically have 100-200 BPS lower rates than standard hard money lending players but they're clunky and have lots of requirements its almost like the instituional HML should be called "hybrid hard money or hybrid bridge money," because of all these requirements.When we're working with those instutionalized players we usually have to do almost as much work as a conventional loan (1-4 fannie, not quite but almost as much).If you'd like to learn more about the different options or get a sounding board on what options are out there feel free to reach out and we can talk shop.

The first home is always the hardest, but momentum usually builds from there. 

Obviously, I don't know anything about your finances, so for all I know, you may have a few million in the bank, and this project is just a fun experiment that wouldn't even be a drop in the bucket if it all turns south...but, regardless, you'll want to model out what would happen if this project crashes and burns...As you may know, managing a rental in a D to F area (or even a C area) is usually not recommended (for many reasons), and funding a rehab with credit cards is also usually not recommended (again, for many reasons). ...even highly experienced investors often won't touch anything lower than C grade because of all the difficulties of managing and re-selling them...If you're dead set on rehabbing the place and keeping it, I'd strongly suggest studying up thoroughly on the local rental market and tenant pool (e.g.; rent medians and lower and upper bounds, typical days on market before securing a tenant, local vacancy rates, tenants' typical income, education level, employment opportunities, credit, and rental history).

You are going to be cashflow negative with the increase of taxes every month.

The final inspection must be done within 72 hours, but it usually coincides with the safety inspection and is complete within 24 hours.Cleaning and repairs are submitted within 24 hours of the inspection with a deadline of seven days.

So, let’s just estimate and do the math $600k potential as Kris keeps spewing -$175 from the one deal her team (main selling point of her course are her “trained teams”) messed up we are at $425 - $200k roughly I’ve decreased sales prices we are at $225k - about $150 estimate in dead deals she included (just estimating I didn’t go confirm this) we are at $75k - $50k in mailers, subscriptions etc we are at $25k -$30k I paid for her course I’m NEGATIVE $5,000 STILL and that doesn’t include her “50/50 split”.

Usually as you start to grow its time to start getting rid of task such as bookkeeping. 

Usually there are state/city grants available. 

I want to make sure I'm acting in accordance with the local government's legislation, but I'm having trouble making sense of all of the information I'm finding on https://www.roanokeva.gov/.How do investors usually navigate legislation requirements when starting renting in a new city?

The eventual sale & seller financing of many of our rentals then achieved more significant returns as the notes @ 9-12% were on the inflated sale price usually 2-4x our original investment.