I see you are not yet answered and while you are asking about numbers and assigning yourself rent is one approach before you do that it is important to do a basic evaluation of the value of the house.

Is there a basic strategy to this for rental properties?

At this stage I just have very basic questions since I know zero about it (besides that I have to study for, and eventually sit, an exam to obtain a licence).

Some basics that come to mind would be painting, pressure washing, light drywall patching, carpet cleaning, general house cleaning when the rehab is done.

Basically, I'm looking to get a software program where you could input pics and then play around with colors, spaces, walls, etc.

Rest of house in very good shape, estimating $50,000 in repairs to be conservative, hopefully 1/2 that #.That is the basics for these two that I am looking into right now, my preference in RE is buy n hold for long term wealth building and possible cash flow.

Your basically saying a licensee cannot bargain and must pay full FMV for real estate while the rest of the citizens in the state can wheel and deal.I'll go along with having to disclose you have a license if they feel compelled to say you must be some kind of thief, but a state and a department that appears not even capable of making clear and specific and reasonable rules needs to looked at closely.

Anyway, we are basically saying the same thing.

Just looking for basic liability/fire coverage.Thanks!

HAMP was supposed to solve this issue with a standard set of guidelines.Serviers website for HAMP adminhttps://www.hmpadmin.com/portal/programs/foreclosure_alternatives.jspIt was so well put together a form letter was to go out to borrowers that did not get a modification the letter basically stated here are your options, one option included a short sale and $x price all the borrowers were to do was find a real estate agent to handle the transaction.