Or could you set some of the money aside to do some renovations to the property?

I'm taking a trip up to Baltimore this weekend to view a few boarded up row homes my client and friend are looking to renovate and turn into long term rentals. 

Are there any guidelines for situations like this where the tenants would need to stay somewhere else while the renovation is in process?

Did you do any renovations?

Originally, I was listed as owner-builder on the renovation permit for Mechanical, Plumbing, and Building.

That being said, I'm going to have someone review my 2022 taxes - did a major renovation and placed the home into service.

I had one lender tell me I need to get a construction loan first and renovate and then refinance that into a DSCR loan.

We are your Boots on the Ground local project partner that knows the ropes and has the track record to back it up.

This investment property was financed through a locally trusted and long time friend that's a hard money lender with an 8.5% rate .I acted as negotiator, real estate agent, funded the purchase, and project manager for this rehab while partner was out of town working and kept him updated remotely.

This investment property was financed through a locally trusted and long time friend that's a hard money lender with an 8.5% rate .I acted as negotiator, real estate agent, funded the purchase, and project manager for this rehab while partner was out of town working and kept him updated remotely.