_____________________________________________________________Current Rents:House: Basement Apt: Current owner occupies $0House: 4 bed, former BnB, currently 1 room LTR, frequently STRs (travel nurses) 8001 BR Apt: $1000Studio: 900Cabin 1br: 1000Cabin Studio: 700Current Gross Rents: 4400___________________________________________________________Potential Rents - All rents are currently below market*:House: Basement Apt: Owner occupies $1500 ($0)House: 4 bed LTR $2800 STR $5500+ BnB 20,0001 BR Apt: $1500Studio: 1200Cabin 1br: 1500Cabin Studio: 1200*There is an addition attic apartment unused: 1200Potential Gross Rents: LTR=$9400 - STR=$12,100Tax:530/moInsurance:250/moAssumptions: Small family wanting to househack and come as close as possible to no monthly expense.

@Michael Mainini you have options and renting could be a good choice if your interest rate is low.

The two choices I would suggest is; If the doors are painatable in that they would look like a nice kitchen rather than a patched up kitchen, then you should paint them.Replace the cabinets with an inexpensive imported type of cabinets.

Not sure how turnkey is like wholesalers but if that's your opinion, good on ya...As far as I know, wholesalers are broke, never close, lie to sellers and buyers, market just to flog the contract, don't do rehab, don't property manage and very rarely have any interest in providing after sale service or support.Just my opinion 🙏

If you started and closed a rental property loan with an LLC, it may still be reported to your credit. 

Its a choice one makes once they have owned both types of assets for any number of years..  

assuming work completes after closing.In the event of an audit, is it a red flag if we claim an "improvement" after the closing date occurred?   

That makes sense - these successful GPs/Operators are often only looking for institutional investors / QPs because they don't want the hassle of smaller checks.I've probably looked at dozens of deals so far and came close to investing in one that required a larger check.

Is it listed in the lease to keep it closed? 

This has worked out well for me, but you do have to be close enough to stop by.