For this product most lenders will go off of the purchase price plus your rehab cost for a conventional loan.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Insurance would cover legal costs.  

This seems about right for the scenario, yes Non QM and DSCR can have slightly higher rates but if the benefits of the product outweigh the cost, you've got your answer as to if the value is worth it.

Low cost, surprisingly beautiful home for the money.

However, since this would be an investment property (held for 1 year or less), ARS 32-1121(A)(6) requires all work be performed by licensed contractors if the cost of material and labor is $1,000 or more.

Renovation PlanScope of Work:Convert 0.5 Bath to Full BathEstimated Cost: $7,500Details: Add shower or bathtub, update fixtures, ensure proper plumbing.Add Bedroom in BasementEstimated Cost: $15,000Details: Install egress window, insulate, add walls, flooring, and electrical work.Replace DeckEstimated Cost: $3,000Details: Replace existing 8'x10' deck with new one.General UpdatesEstimated Cost: $45,000Details: Update kitchen, bathrooms, flooring, paint, fixtures, and necessary repairs.Total Renovation Costs: $70,5004.

Partner Driven financed the Spruce Street acquisition using its own capital, covering both the $200,450 purchase price and the $16,000 renovation costs.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Build a portfolio of routine service call tasks and light remodels with actual costs that your Clients can compare to outside vendor's similar work.