I've been waiting for the area to pop given its proximity to very high-end neighborhoods, but it hasn't really materialized.

Maybe I should start improving my advertising material now - while I don't have vacancies.

As far as the renovations, I used a local contractor, also lucked out in that regard, the guy was excellent and it was godsent having him handle many of the logistics i.e. receiving packages that I had bought to ship up to the house for the reno, among other things.

If not, then I may consider starting one myself - if you're interested, simply drop a message below and I'll follow up once things materialize. 

This frees money to originate and package more loans.Servicers are in financial trouble they had to front the money for forbearances to investors, many are merging to save the ship.When a loan has been serviced for a while it can be sold for many reasons:1. doesn't fit the location of bulk of the loans they service 2. borrower is difficult, borrower changes insurance and doesn't comply, insurance goes unpaid or taxes, borrower slow pay, borrower changes title, borrower complains ...3. borrower files bankruptcy, borrower has insurance claims and doesn't complete the rehab, Servicers are not all the same.

...if you're not 100% clear on this, then a partnership will never materialize, and if it does materialize, it will likely fail.

Tell them you want the estimate with materials and labor and contracts' fee.

I would also consult them prior to spending any money on signs, business cards, logos, print materials on the like to ensure you are complaint with state rules and their brokerage rules.   

IF you are able to package properties and get favorable terms, this is something to consider after you have a few properties.

Can I deduct all the expenses (materials from Home Depot) from fixing and upgrade my basement for my tenant?