But be real careful with this strategy by the time you pay points and interest on your rehab loan two closings refi costs.. many times the amount of equity you garner is NOT anywhere near what you think it is and you spend a lot of time and energy and RISK instead of just buying a rental.. your going to have to have significant CASH to pull off a HML you can just use that cash for a down payment on a ready to go no risk finished home. ??   

As for the team, I will put more energy into that as well.

I spent three weeks there painting and light rehab.  

With the small amount of garbage in each pail, a light wind would blow it over.

For reference I am working on a 3 family full rehab, plumbing, electrical and light framing of closets and doors. 

People will leave lights on, crank the AC and even freeze it, etc...you learn ways to control that, but be ready to work through some of those things. 

If you have the time, contacts, energy, contacts, personality to do your own managing there is nothing wrong with that. 

When we learned about the deal we knew the renovation would be light, and it would provide a chance to go through the process of flipping a house without doing a large renovation.

@George GammonI’m not sure about the current price of oil, but oil imports have been steadily declining since 2005 as Japan began transitioning to renewable energy.

We have bright spots like the tax increment district called "Montana Connections" out by Rocker that is constantly growing, Northwestern Energy's beautiful new building in the heart of Uptown, and the ever increasing enrollment at MT Tech.