The walls are done and the shower is in but everything else must be completely installed from floors to the kitchen including a fire escape.

Would you let your child draw all over the wall or sit on their iPad for eight hours a day?

@Jaron Walling cool thank you for the advice.

You will be wasting your time if you don’t.

For me, that means no carpet, semi gloss white, cream or light gray wall paint.A renter needed...it will take 2 years of rental income on your tax return for many lenders to consider it as income.HELOC is variable while 2nd mortgage is more often fixed.

I wasted 2 months and lots of money on Zeus Lending incompetent loan officers.   

I don't know if this will make you feel any better but even if the roof pancakes flat the interior and exterior walls should support that weight, even though (of course) the house will be totally uninhabitable until the entire roof structure is rebuilt.

We are entirely new to the process so we're leaning towards going with a GC to make things easy, but been reading too many horror stories, waitlists, delays etc.Some planned reno includes: kitchen and bathrooms, wall tiling, fencing, exterior & interior painting, window treatments.Thank you!

A rugged renovation (move walls, replace wiring, holes in roof) will likely require hard money or a renovation mortgage, while a light renovation (paint, replace flooring) won't require more than a regular investor mortgage.  

Currently appraised at 325 to 335k due to latest comps this year. 39k in Rehab for two new bathrooms/Deck/Floors/Paint/New Water Heater/Open Concept wall removal etcLooking to rent out for 1550/month. (~1101 mortgage/124 property management/191 taxes/2mil insurance coverage).