I've read that this is allowable, but that city will check to see if all work has been done correctly, pull permits, etc.

(I found an awesome BP interview video via Google about ARV and thought it quite funny that I actually didn't check here first).My intention is to continue learning all I can from here, friends who do this, and anywhere else I can for a month and then jump into making my first educated move.

This option is ideal for converting to an income property because the (when the renovations are complete, and the property is stabilized) the borrower can begin receiving income from the property before regular mortgage payments are due.

In this deal, I negotiated a 3% contribution to closing costs as well to offset some of the purchase costs.Purchase Price: $394,000Lenders Title Policy: $1294Owner's Title Policy: $2618Prepay Insurance: $776Prorate Taxes: $3390Government Recording: $160Transfer Tax: $490HOA Prepay: $275Inspection: $330Flood Cert: $9Credit Check: $37Loan Fee: $995Interest Charge: $837Home Warranty: $530So my total closing costs were $11,741 or 2.98% of the purchase price. 

Inventory Sales have bounced back quickly from a slow month of January and have remained regular the last couple of months.

There are plenty of DSCR lenders out there that can assist you with the refinance - I'd recommend checking their reviews and going off of who you feel can best assist you.

However, check with your lender.

You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area. 

If you're seeking a reliable income stream, consider checking out Cleveland OH.

We haven't had many squatter issues in KC with the exception of people drilling out our locks and then putting up fake ads and falsely renting to someone (real cheap, no background check, move in the same day type thing).