Keep in mind this is sponsor-provided material, not something that the site discovered through research, nor verified. 

Contractors are slow and need money to pay off christmas

With that in mind, I would save most, if not all of the cash flow until you have enough to do the renovation.   

Expect to spend a considerable amount of your time speaking to people.Expect to work dozens of hours/week with little to no immediate result.Expect most of your early interest from potential clients to come from your sphere of influence.Expect to go 3-6 months without getting paid (unless you do rentals which usually pay faster)Expect to be bombarded with distractions - mainly, people/companies marketing to you so that you choose their system for quick and easy buyer or seller leads.

@Frank Dean Why would S8 use our tax dollars to pay higher than market rents?

I would be happy to run some properties for you through AirDNA if you have a few in mind that you are vetting?

Do a little research on using CC's for your business and paying 0% interest - there are quite a few people who teach about this.

I acquired a 3-flat in Humboldt a couple months ago who had two units not paying (ouch).

Hi ALL,Can anyone recommend a easy to use property management tool that we can use, so far, we have 4 rentals and growing, We will like to have better control of the information and have a easy system for tenants to pay rent.As always, thank you for your input!!

No one in their right mind is going to file a lawsuit over 2k.. they may and should just take you to small claims and or as Greg stated file their lien and wait.Also work done to YOUR satisfaction is a pretty weak argument and totally subjective.