I am considering using them for EMD & LLC on an upcoming purchase.  

Hey Quentin, It sounds like you’re in a solid position to start your real estate investment journey, especially with the equity you’ve built up in your home and your ability to handle renovations.

Hey @Felicia Richardson - I can not speak directly to Atlanta, but we do a ton of Fannie May Homestyle renovation loans up here in Chicago. 

The second outcome of purchasing a loan in default is foreclosing and ending up with property ownership.   

@Aubrey Eblin Thank you very much for sharing your experience with the Rent To Retirement Academy. 

There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.  

Rob just updated everything...here is the site he tells everyone to visit for STR cost seg.STR Cost Seg

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck. 

Now I think I'd resell, because the deals keep coming.

He can extend an additional loan to the borrower, especially if the borrower has additional collateral to put up.