Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?

Yes and a few bookings on Airbnb cost your ranking on Vrbo.

While under contract, we perform due diligence and there will be some soft costs incurred. 

Procrastination will only cost them more. yep. carrying costs alone, but also if its not your money and investor money - some will try and drag it out. 

i would love to buy a 3-4 unit that could both reduce my cost of living and cash flow. move out and redo the process a few times every year. 

Most sellers are going to want 20-25% down as it’s going to cost them 10% to sell.

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.  

Tenant shall be charged $[amount] to cover the cost of this force-placed insurance.The other lesson is that you should never hand over keys until you have proof the Tenant has met all requirements.

.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.