My current tenants brought the issue to my attention about 4 months ago and I have not been able to find a GC to work with...don't return calls, wont do estimate if I'm not on premises etc etc....Tenant gave notice 6 weeks ago that they are moving out end of Sept, so tried some more GC and nothing.... then Harvey hit.....So now I need a GC to do a remodel at the end of Sept with me managing it from CA......at a time when the GC work is in high demand....I have a few other calls in but nothing definitive right now...... looking for other referrals....

I am not following all of the numbers - mostly the cash on cash return $55k in for $6,944 annually.

Investing in a REIT will give you a lower rate of return than a well bought multiunit - house hacking is the easiest way to get in with that amount of capital - otherwise, you need more than that for the down payment - depending on prices in your area.

Thank you for the response, I really appreciate it - I hope everything returns to normal soon.

My cash-on-cash return is 11.2% (which I believe is great in the LA area).

The fund would be investing 100,000 for 5 years and getting an estimated return of 18 - 24% annually over the course.

Looking for advice on how to obtain a secured (using property) non-income verification type loan for the purposes of renovating a non owner-occupied second home that is owned outright in order to to turn it into a short term/vacation rental (thus utilizing those projected funds for repayment).I've looked a lot of options (mostly from conventional lenders) but 99% of them want to see tax returns/proof of income.

W2 not important, but they will want to see tax returns.

I believe the tenants in this area would prefer a/c but I am not sure if this would return an increase in rent enough to offset the additional cost of adding itI would appreciate any input from some who may have had to make a similar decision or is familiar with the area and the rents

You can sue them by putting a Judgment on their income tax returns, and their properties, (according to your State Laws).