Liability is essential also. 

I was literally filling out the eviction paperwork on the 9th when they texted me and said they wanted to bring me a money order for rent.

However, if the market/economy were to crash 20%(including rents) it would likely rent for $2200/mn and I would essentially be breaking even, or loosing money if a big cost expense were to happen.

Originally posted by @Bjorn Ahlblad:Enter the part number into a browser or look on ebayI haven't actually seen the part number or any paperwork.

After all he will be all the paperwork in 6 months.

Essentially, you’re building a channel much like a YouTube which would put you on Google if you get good views.

@John Bradley - Thanks a bunch for the mention.Hey @Ryan Reynebeau - I'd warn you that you need a good and reputable contractor regardless of the 203k loan or not lol but the 203k loan definitely comes with more paperwork and financial strains on contractors.  

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

It’s sounds to me like essentially it would kind of be on the same level and not such a great height as going from the basement to the first floor so this might work well.

There are the Fannie Mae Homestyle and FHA 203(k) loans that are essentially a refinance to give you the funds for the renovation and base it on the expected appraised value once the renovations are complete.