HELOCs are usually more conservative than traditional 1st position mortgages.

These are all items you need to consider for the BRRRR Strategy, and any buy & hold property for that matter. 

There are other ways to get financing besides a traditional mortgage I just mentioned that idea because its the easiest way to get started. 

I'm not soliciting clients, just offering advice :)With a contracting business, and ONLY for a chart of accounts initial set-up, yours should be pretty straightforward, unless you plan to do job costing and estimates through QB and require items and services to be input as well. 

In general, you can choose to address all of the major/critical items that involve safety and/or potential code violations.   

Also, I guess that lots of you have maid market visits like this so if you have any suggestions of “must do” action items for an out of state real estate investor that would be great.Scheduled Plans Meet with local connection (friend REI) – general discussion over locations, economy, having a good time and meeting other people.Meet with Agent – first Face to Face meeting + attend showing of researched property at that timeMeet with PM – first Face to Face meeting, meet the team, see previous work available for rent, request to meet other professionals in the industryAttend local REIA meetings (I looked at the local REIA and they have 3 meetings on that week.)Personal time - drive through Concord + Gastonia (secondary markets except Charlotte city) main locations and get an eye view of “lower condition” propertiesAppreciate your comments.Thank, Guy

Your goals and plan usually has that information and the range of each one like positive cash flow, cash on cash return, net operating income that includes debt service payment. the positive cash flow on day one of your ownership, and the items you mentioned, the type of parking and on-site and nearby amenities are very important as well as the first impression of the subject properties. 

Everything in them was new, from electric and plumbing, to items as small as nails. 

At some point you’re going to pay taxes on 401k and traditional ira so that is a wash.

@Michinori Kaneko, there are a couple of items that you left off between SRF and MF:1.