The other solution is overly complicated and doesn't make a ton of sense. 

So, I can renovate any property in the US to move in condition by doing a cosmetic upgrade for $XX depending on the size of the property.This is just step one to get to an offer stage...you'll need to bust *** in due diligence to confirm your assumptions...a great agent can be your best asset here...or your contractor network.Unfortunately, the real solution is a wildly complex algorithm that will only get you marginally better results...remember, acquire properties by going through phases...phase 1 is getting comfortable with an offer based on what you know after the first filter...entering due diligence is where the real work starts. 

Hey there,Did you ever find the solution to this?

When I told him that the new terms talked about a new vendor called Hyperwallet, he didn't even know , never heard of them and thought it's their internal solution.

I have a little dilemma and don’t know the answer or solution per say for this problem a friend of mine is facing.

You could open a HELOC, although that's not usually a long term solution.

If so, and you replace them first thing after closing that may be a solution.

His firm is Royal Legal Solutions. 

Once you do decide to procure your first rental, definitely lean on the BiggerPockets community as a resource; I'll also say that it could be worth considering a shot at a software solution built for DIY landlords (1 - 15 units) to bring some automation to the rental management process (just to make things much much easier for you)!

We like to think of problems that may come up and find the best solution.