It’s of course not a hard number, but a full gut isn’t for everyone- especially if you don’t already have a good relationship with a contractor(s).

A relationship like that is invaluable. 

Tenants who have had a long term and successful relationship with a landlord dread the change.

If you do not build a relationship with a reliable crew, contractors or tradesmen that can deliver much better prices, for basic turnovers and general maintenance you will end up spending so much that it will take decades to recoup, if ever.

It comes done to the relationship and experience of and with the agent.

My vision is that this would be a relationship where we hold each other accountable, discuss goals and action we have or will take, take action together, and both grow substantially faster than we would alone.

Just have a conversation with the owner, build a relationship.

I am 15 years younger than her and have somewhat assumed an apprenticeship role in the relationship.

Also the fact that your property is vacant currently and for renovation is another hurdle for some banks and insurances.But continue to search and you’ll find some.That is one of the reason that my companies have multiple bank accounts with many local credit union to build a relationship with them as they are more encline to help me with these exotic loans.

I have helped a few people so far (Uk and Canada), non-citizens and have learned that the issue is not really the TK provider - at least not when it comes to the investment.The issues foreigners are facing are mainly in the area of financing (to take full advantage of the leverage and currently low-interest rates), corporate structure, as well as some TK provider behavior.On the financing and corporate structure, I was able to develop relationships I make available to my mentoring clients so we can overcome these hurdles, even though it takes some time and effort.On the TK behavior, it is harder because we all don't have much influence.