In some situations, it may make sense to hire a pro to get the job done quickly and correctly, then you can rent it out earlier and offset the additional cost, or at least part of it.My first house took me six months to renovate.

I think most of us legit lenders are going to take LTC into consideration in addition to ARV.

in addition, some prohibit rentals or have rental quotas, most of which are already reached and effectively are prohibitions. 

I appreciate any additional input Chris! 

****Just to clarify, I'm talking 2 or 3 years down the road after I have successfully completed 5 or 6 flips and have the additional income and experience to show for it.

In addition to what others are saying here, I'd just advise that you don't leave your property with the PM and never look back.

In addition to many insurance providers pulling out of the state of Florida, we heard of big insurance issues in coastal cities in South Carolina, Georgia, etc.

Personal Property: $30,000                    Personal Liability: $300,000                    Replacement Cost: Included                    Medical Payments: $1000                    Loss of Use: $6,000                    Property Damage to Others: $500                    Mold Property Damage: $10000                   Mold Liability: $50000                  Tenant Pet Damage: $500                  Additional Interest: Myself (the landlord)2) With above coverage added to renter insurance, do I make it mandatory for the tenant to have a separate pet liability insurance?

Debt if used responsibly is a valuable tool but to say debt will always multiply returns is the wrong message to spread in these forums where there's a ton of readers who are inexperienced investors and will fall for the trap of following your flawed approach to originating debt.If you need additional help understanding how debt works in real estate, please send me a DM and I would be happy to help you out.

When you graduate, continue renting it and move on to a house hack.I am 100% against "Low or No Money Down" philosophy unless you are an advanced investor that can take the additional risk.