One thing I see as a lender is that any kind of owner-occupied loan with a low down payment will not allow you to build enough equity to refinance out of it, even when you are forcing equity with a rehab.

60k down payment with a loan from Provident FundingHow did you add value to the deal?

It takes a considerable amount of skilled and reliable labor to complete 25 homes, so we suggest subcontracting all the trades and retaining a small in-house crew of experts in individual trades such as framing, masonry, roofing, etc.

There may be other options there.But, from a strategic angle, that is where a random guy on the internet jumps in and says "You might be able to buy the property from your mother on a Lease Option" that you make the payments and maintain the house with the option expiring on her passing date, converting back to her estate which you and any other heirs will inherit".

Just manipulate the mortgage until it reflects your monthly payment.

It's listed right on our website on our Property Management FAQ.It is also listed in our Property Management agreement which is available for anyone to download.As for the water payments.

The house I closed there in December (at 8.5%) ended up with DSCR of 1.3The other alternative is most of the money for the down payment is in MSFT and GOOG so I could leave it in the stock market.

do you have down payment + closing costs + rent ready costs + reserves + savings + emergency fund? 

They handle payments, payoffs, and year-end tax information. 

Lender can foreclose due to property taxes not being paid, insurance being lapsed or payments not being made on the loan