Labor and material prices here are considerably cheaper than a lot of places, but I'm also lucky to have found a couple of good reliable "handymen" (a retired HVAC business owner, a carpenter who has extensive electrical experience, and a couple of not-so-bright guys who are surprisingly good at roofing but nothing else).

We have had instances where an out of area appraiser appraises a property for significantly under value, and we order a new one and have a 200k increase in the appraised value. 

For instance, my agent is someone who shares my sense of humor, and we enjoy each other's company (even if we weren't in business together, we'd get along).

For instance, I purchased a property with cash on hand in mid-July of this year for use as a daily rental.

So, the costs will be extensive and it will be challenging to predict which of the many things may need to be fixed/replaced before we can do a proper full renovation.       

-assessment of what types of tenants the property will attract--you need to know who your customer will be before buying the property (for instance, will it be mostly college students, or families, or seniors, etc.?).

You can do a 2+1 bridge loan (24 months) with 6 month extensions for pts..  

Example persons running SMLLC placing their properties in it, adding the SMLLC as additional policy holder on the current landlord insurance helps in those instances of lawsuits bit more.

I'm also looking for a property that can be functionally improved (with as little effort and risk as possible).For instance, I recently did a rehab on an 100+ year old house that had sat on the market because it was on a somewhat busy street, and it had a funky floorplan (but, because it was in a trendy, A neighborhood, I knew that the busy street wouldn't deter tenants...and I knew I could improve the floorplan). 

For instance, if the parent is Texas Real Estate Group LLC, the following are acceptable: 1.