Understand renovation and how to write a scope of work4.

Would I pay cash or borrow and write off.

The process required coordination with local authorities and additional time and expense, but resolving it added long-term value and functionality to the property.

In many cases the mortgage company writes off the loss or goes after borrower depending on if they have other assets - if they do then they are gonna be coming after the owner

Am I required to hire an attorney to write up the contract and assist with the closing?

However, if you can flip it and make a solid profit higher than what you would get out of a cash out refi and/or rents won't cash flow, then flipping makes good sense (unless you need a tax write off but since this is your first investment, that probably isn't the case).  

The heavy cleaning and repair costs after longer stays are definitely pain points but I've seen my clients make it work by screening the tenants more carefully for MTRs, doing bi-monthly checks to catch issues early, and writing clear lease terms about maintaining the property.

It heavily effected his under writing results.  

Assume that you could meet with the CEO and give him some direction or write articles about how great the stock was and cause its value to go up. 

:This is where the contract between (or at least having something in writing) would come in your favor.