@Jason HicksOne thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

Hometap claims "no interest" but if you look at cash now vs. percent equity they'd take in a future sale, the implied interest rate is something like 25%.Are there private investors out there who are interested in doing similar deals with better terms? 

You are in an excellent market with future growth. 

IMO the most cost-effective parts of a kitchen or bath reno, that you could pay yourself in labor vs. pay a contractor would be 1) careful demo and cleanup, 2) painting or skimcoating, 3) re-using existing materials/accessories or using refurbished ones in a clever way (e.g. re-use existing cabinets and painting them)

@Peter TomeczkoThank you for this write up, however we already closed on our deal with them a month ago.

@Bob Friedman thanks for writing.

Since i paid cash for new michigan home i can use it to finance the future MI rental home and pay it right back off again in 2-5 yrs if i need to,  Im going to try to not do that.I had come up with this plan all on my own but had no real idea of how to execute it and i had ZERO practical experience. 

I am all for real estate investing and preparing our future so we can be financially stable from real estate and not have to rely on our W2 income to survive.I have been investing for four years now and have a few properties under my belt.

@Samuel Metcalf- sorry ...getting  heloc on the rental duplex  will be hard / impossible to obtain ....if you can  get one - it would be a great option to use for the  remodel / landscape ....if you have  50K equity in your primary -you likely dont have  ample equity position to get a HELOC  on it as the max  comboned loan to value for helc lenders is  85%  ( maybe  90% ) ...I would try getting helocs on both to see whats possible ...if no heloc is possible - use the cash on hand for the purchase down payment / closing costs / loan fee/ prepaids and then use future accumulated savings for landscaping 

Hi Parker, just found this post re turnkey service providers and wanted to ask which one did you go with and your experience so far?