I'm seeing renovated inventory sit, then trade well below list in a large portion of the ATL metro. 

You need to get pre-approved with a lender as well. 

.- Consider reimbursing the new owner: While not ideal, paying the $6k might be the most cost-effective solution to protect the contractor's license and your reputation.- Learn for future projects: This experience underscores the importance of thorough inspections, even on recently installed systems.- Check statute of limitations: Depending on your state, there might be a time limit on claims related to construction defects.As a hard money lender specializing in fix and flip deals, I've seen similar situations arise.

In my head I ask myself if we should go for one less capital intensive LTR and give a local STR a try (for the tax advantages) as well. 

We verify everything listed on their application as well as a handful of other questions (using a modified version of the one from BP).

You can also do a skiptrace to find their address and or phone number as well.

It's done well enough to keep the lights on with a modest profit, but definitely could do a lot better with more of that experienced property manager's "secret sauce".

Deal structure is very important so that you have enough equity protection to secure your principal loan amount.

In addition - checking account statements showing deposit income going back X number of months would also do that as well.  

It looks like Airbnb may be a good option as well.