Simple cosmetic updates are no longer enough; buyers want well-executed, durable improvements that justify the investment.3.

Hey @Maleshia Gilcrease - I absolutely love both the FHA 203k & Homestyle loan programs and think they are the best way to get started in real estate investing.By far, the most important part of executing a renovation loan is making sure you have the right team. 

Lots can be said, but can you execute? 

Issue the loan to the borrower's entity (LLC).Either be available to receive a call or return the call as swiftly as possible when the borrower comes calling.Allow the borrower to have multiple open loans simultaneously (if all parties are comfortable with it) to help the borrower grow their business.Have loan products that help the borrower to expand their investing options in relation to ground-up construction and/or multifamily.Have staff that are knowledgeable to investing that can assist and understand the borrower's concerns or requests.Just a few that come to mind. 

For the short year I owned it I was lucky and the market was appreciating so I executed a cash-out refi.

It is easy to blame them but they just did their homework and executed a business plan accordingly. 

Tenants have kept the property in decent condition so considering that my initial strategy was to not disrupt them, maybe do a month to month lease agreement while making some repairs than execute a new lease Jan 1st with a small increase in rent. 

I hired a PM because I didn't want to be a PMLikewise I hired an ops manager a few years ago to deal with my property managers and other staff so I could continue to do what I do best which is be an investor.

Work with your Solo 401(k) provider and they should be able to assist you with properly approaching your banker so as to get results.Alternately, you can choose to work with a bank that already has trained staff on this topic such as Solera or Titan.

That's why I'm currently training new staff to ensure we can always deliver properties with the required quality standard and efficiency.By the way, do you think it would be interesting to offer some basic customizations, like themed paper products or towels, during specific holiday months?