Your credit limit on an unused card will not generally affect your scores.

You're barely doing new carpet, paint and replacing some doors on that budget.The issue (at least in DFW) is that B class doesn't lease at all.

For example, an agent would collect a reduced commission, flat transaction fee, or no commission if the buyer sources an off-market deal directly.In your case, if you'd like to compensate your agent, you can include it in the loan.

Hey Steven,Personally, I like doing BRRRRs in Detroit—that's my market and where I’ve put my own money to work.

Something problematic they find that was undisclosed on your application (not saying you'd do this, just giving an example), title issues, entity issues, issues with the appraisal even if the value is acceptable...you can either bite the bullet and pay for the appraisal, don't move forward with the loan, or try and find a HML/PML willing to lend to you without an appraisal. 

From a property appreciation / ROI-on-sale point of view, its unclear how attractive such a property would be for a future buyer.Would really appreciate your thoughts on this Invest 5S proposition or similar build-to-rent units.

hey @Matthew Toporowski, at the least I would check their financials/tax returns to see how profitable they are (which translates into how easy it will be to pay your rent).

I attend both and I'm on the Board of Directors of R.O.A.Finally, DM me here with your phone number and I'm happy to open doors for you locally. 

If the loan is not getting paid, you foreclose and sell the property to get your money back.The only other way you could get yourself in trouble is by giving the borrower cash before the work is done.  

You might still make some money...or you might loose just a little while you learn....but I think chances are unless you totally mess things up or every part of the deal goes wrong, you end up with most of your money back....AND you learn and develop some relationships.