I'm planning out my investment strategy for the next 5 years and am considering adding a vacation property to the mix at either a lake or outside of a town we love visiting in the Texas hill country.

However, it has been a great learning experience and I have definitely added value for the sale side, but love the rental #'s I have coming in! 

An example would be adding a new bathroom and get the house reappraised.

I never used the 70% rule, I figured all costs and then added in a minimum profit plus extras for unknowns.

What's the risk for the lender in adding you?

You can have the insurance cost approach appraisal easily added on to your regular market appraisal while buying a new property and it would probably save you some money.

I'd recommend adding "Burbank" so you'll be notified when people talk about your local area.Welcome Brian!

These three numbers added to HUDs minimum acceptable bid would equal the sell price.

My partners will fund acquisition, rehab and hold so my ROI on these is huge as I'll be using very little of my own money and still adding a lot of value to everyone involved.

The basement floor has decorative tile so I'll just be cleaning and adding a clear coat to make it look good.