It's always important to have contingency reserves and having a healthy contingency line item that's capitalized can greatly reduce cash during life of loan.Loan Administration:Remember construction lenders release for completed work and the borrower has to navigate the process by which the work is completed in order to obtain reimbursement.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Some houses have so many decorations, misc. items around the house it is difficult to notice when things go missing over time.Hope this helps! 

Depending how long your LTR was in there, you might need to fix or update a few items. 

Specifically for the missed items during the review prior to the initial call, as well as the piece on no action plan.

You aren’t owners with lease options.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

They're about $2K, but in-unit W/D is the most requested item I hear.4 burner gas top should be OK.

I'd try to get a 6-month lease at a below-market rate to attract a tenant.

What's the process & requirements (e.g. copy of lease agreement) for getting one and would the MTR tenant need to arrive early enough on check-in day to get to the municipal building that probably closes at 4 or 5 PM?