The associate underwriters are generally pretty green and don't have much of a finance background.

Luckily we used sweat equity to transform this property to a suitable, safe, and clean beach house rental.

Less expense as well as you're not supplying consumables, paying cleaning, paying for broken furniture glasses, etc. - Rental policy is required.

Because I will be doing the rehab and garage is a clean slate, here are a few options I am considering:Convert it to a master suite, which will make the house a 4/2 with 1500sfConvert it to a studioConvert it to a 1/1 My goal at the moment is to maximize ARV for refi, but I am not sure how the appraiser will look at it.

Clean the place up, bump it up to market rate, and be more deliberate when screening in the future.

Make sure you are accounting for all expenses, taxes, maintenance, HOA, cleaning, furnishing, etc, etc, etc.If it cash flows...it cash flows.  100% OPM is nuts.  

There's no eating at it, 'cause it's always covered, 'cause I'm always working, and even if I cleaned it off there'd be no room for more than one chair based on how it needs to be situated.  

They refused to clean the carpets and went on and started replacing all carpets in approximately 700sq ft living space.

Smart investors don’t NEED a Realtor, if we did, we could pick one of the green ones that just passed their license.

Greene, at this time we like to walk the property before making an offer"...