They'll make you rip open the walls to inspect and then reclose them up on your dime.I'd say follow the municipal and lender guidelines as closely as possible for rehabbing, you'll feel better knowing your bases are covered.

I am based in Tampa but I cover from Orlando to Spring Hill, and all the way down to Sarasota.

@Patrick Philip Keep in mind banks will price there construction debt based on the Fed rate & expect to pay WSJ Prime +1/2 to 1 Point so 10% is not bad from an alternative lender at this time.

@Sherry PattersonHey Sherry,I am an investor agent based out of San Antonio. 

It should also make potential LP's more comfortable knowing you have considerable skin in the game plus the fact you are profiting from the merits of the actual deal at time of sale rather than collecting fees.

The variance will be granted based off the site plan submitted at the time and the variance application.

I would think it'd be pretty simple to calculate his actual rent income based on the properties current conditions and explain that at best, the tenants in place stay for years to come, he continues doing the bare minimum, and his highest predicted income is x dollars, barring any emergency spending to keep the tenants happy.

I recommend looking into areas near economic bases - close to Nationwide Children’s Hospital, Ohio State Campus, New Albany, etc.

This is of course for a primary home but its a great way to get into the game similar to VA - Military 100%.

Adam,I hear that statment a lot but the key component of this REI game is once you have your mortgage paid down.