Make sure you shop around for the best lending strategy that fits your personal needs!

Being on the broker end you can shop with 100+ lenders vs simply 1 or 2.

They will have the time to shop it and makes sure the coverage during rehab is correct. 

And part of that is education on neighborhoods: you have to understand what you are signing up for, or in other words, why it is a really good idea to not shop in the bargain cave.

Anything anyone can add would be helpful as I have 16 residential properties and partnership in a shopping center but this side of the business is brand-new to me. 

Short term shop all the way! 

Hi all,just purchased a MFH unit in Joliet IL and have few bad apples that i need to manage effectively and efficiently. one is tenant, grandfathered in for 20+ yrs. believes he owns the property - almost has occupied the entire basement beyond his basement unit ( I fear my insurance may not pass my claim in future as he has created a hazardous environment). of course, pays under market rent and when i showed up with new lease terms/ agreement (i did intend to continue leveraging him in the same fashion as the previous landlord and kept the rent on the lower side of the market )  but still not a great fan. basically long story short, i need to get him out. 

Almost every new agent asks about splits...easy thing...I'd rather go to a shop with 90/10 split vs 50/50 split....but this is probably the least of a new agents worries for the first year or two.   

To keep material costs down we shop Facebook market place for kitchen cabinets and etc.

I own a house on a dead end street that has a railroad repair line (where they drag a few train cars for repair to the shop) on the back property line and an interstate highway on the other property line, and even though I would never live there and think the noise is terrible a lot of the time (no sound barriers anywhere, though I have trees and bushes), I have never had a penny of trouble renting this house and have had some long term tenants in there who told me the sound of the highway put them to sleep.