It my sound strange to beginners, but when you are planning a budget and SOW it is easy to forget things so having a reference like that is a huge help.We are in the beginning stages of renovating a 4 family building and here is the general SOW we are following:Phase 1Water & Furnace services & misc plumbing issuesInstall electric heat in 1st floor front & 2nd back floor rearInstall spring loaded door hinges, replace locksets in all unitsinstall & new door in front floor rear unit Phase 21st Floor Back UnitFlooring & paintLight fixtures, new countertop, hardware for cabinets install fan in bathroom, new baseboard in kitchen1st Floor FrontUnitFlooring & paintLight fixtures, hardware for cabinets,install fan in bathroom,miscPaint common areas Phase 32nd Floor Back UnitFlooring & paintLight fixtures, new countertop, hardware for cabinets, install fan in bathroom, new baseboard in kitchen2nd Floor Front UnitFlooring & paintLight fixtures, hardware for cabinets, Install fan in bathroom, misc.Phase 4Re build Back staircaseInstall Smoke detector systemExterior paint

Depending on your arrangement, you can negotiate with them as to commissions with future business.

I'm still in the stage where I'm managing my properties myself as I only have 3 units now and 2 of them are around the corner from my house.

This situation is quite common in our area and honestly wish there was a way to still make arrangements with banks that take over such properties.

Like I said I'm new at this, so while in this planning stage, I'd be appreciative of all the help I can get!!

I'm working on growing my real estate investor client base and I'm trying to create a staging package (6-rooms, all furniture and accessories, 60-day contract) that investors can't pass up... 

.), I’ll take the information and cross reference it with other pages and posts.In these early stages of my investing career, I’m not trying to innovative.

@Michele Fischer I like the idea of keeping them month to month, as long as they pay rent on time, but only one of the tenants will be at the month to month stage at that point. 

Hard money can be hard to pay back if your flip does not go well.....I suggest you CONTROL the property with a delayed settlement with right of possession, and during your study period, fix it up a little and and sell it at public auction, assign  your contract to buyer using an assignment agreement.The auction will be a "reserve auction", as is for all cash.Example:  if your contact is for $100,000 and you feel it is worth more, do a little cosmetics, contact  a friendly auctioneer, market the property (make arrangement with the auctioneer for a referral fee), set a reserve and auction the property.

There are now a few new startups out there to help you set up a co-living arrangement with the goal of putting people with similar interest into the house and the app helps screen, coordinate and collect rent.