If I want to put in new floors, or bathroom, the HOA will make me jump through a lot of holes before they approve it?

Essentially all they need to come up with is one month's rent, which is typically the upcoming month anyway, and they walk away clean - no lawn care, no utilities, nothing - and we assume the risk if the property takes longer than 1+ month to rent.

@Kerry Baird so it would essentially subtract any remaining portion of the HELOC from the cash out?

Typical rent for single room is $500 and for families anywhere between $1100 and $1800 depending on rooms and bathrooms and whatnot.

Essentially, if you buy a multi-unit property, say a duplex, you can live in one side and rent out the other side to help pay your mortgage/expenses.

We do it by providing the new buyers with peace of mind… brand new structures, brand new mechanicals, and brand new kitchen and bathrooms.

So far each flip that I’ve done we completely started from scratch in the kitchen and bathrooms.  

I've got a draft business model which is essentially helping people house hack.

Like grandma/granndpa house...that needs bathrooms/kitchens/paint and flooring done to make it look modern. 

It is a lower quality finish than hard wood floors so it would reduce value of the home.Most your value increase comes from updated kitchens and bathrooms or adding living space.