students deserve nice places to live. we aren't trying to be slumlords but i do realize that students probably have slightly lower expectations than other types of tenants, so i feel we wont need to break the bank in the level of finishing details like we did on our own home but we will provide housing that is clean and safe and attractive. also thinking we can use some creative materials and methods to make the units party-proof. maybe we get lucky and find some long term professors or grad students and don't have to do annual turnover on every unit. even so, i budgeted 8% for property management after watching david greene's webinar yesterday.the heloc would allow for an easy down payment and a nice buffer for rehab, and i have 750+ credit score and good wage earning history, so i think a conventional loan should not be a problem to obtain. a cash out refi might be an option on the horizon if we decide to really crank a proper rehab but the units (from the pictures i saw) are livable as-is.should i be more specific here on the address/market to get better help?

I usually buy some big containers of water for drinking, cooking, or even flushing the toilet.

Which can cause work to take longer and subs will charge for it.A flipper will learn what the prices are for his/her niche (area, price range, home style, finish style etc.)

I myself don't cook that much each day,Originally posted by @Carolyn Fuller:Most people staying for a month or longer would prefer to have a full kitchen.

Their job is to do all of the heavy lifting by souring opportunities, performing due diligence, lining up financing & investors, and executing the business plan from start to finish.

Being a licensed General contractor I was able to do it at my costs and max profit yet add nice finishes like quartz What was the outcome?

Maybe if you've done 50 deals and they know you are safe, but as a newer investor there are no ways to do this in the real world.In the day before the GFC this is how all OOS turn key worked:WEst coast marketing companies would get buyers  ( these folks are still in business as we know)rehabber in the market  Pick any turn key market would find a home that they could buy rehab and sell at 65% ARV  which today pretty tough but in those days my company did close to 2000 of them as the A and D lender.So we would require ONLY 1k down from the borrower  ( so not no money down but pretty close)  I would fund the purchase and rehab the rehaber in the market  say Detroit Chicago Memphis Jackson KC Indy those were all my markets. would do the rehab and once it was done they would do a refinance now my LA based buyer was already pre approved for the take out ( REFI) Just subject to a 442.. we routinely spun these deals in 90 to 110 days start to finish.. the LA based buyer would then do a 75% cash out refi and pay me off  and they would normally pocket about 5 to 8k in cash that was to be used for reserves.. so no money down and actually cash out.My flipper made his money the west coast marketing guys got their commish and I made my fee's on the HML..  

It's been a while since I started the process for one of my duplexes and it still hasn't finished certification....not because there were issues.

Will be end of June before it is finished. 

We bought the property last July and allowed the current tenants to finish out their existing lease (up in the fall), we figured they’d move on since they made no indication they wanted to stay....but both did not move out like I had assumed.