One item I would add is that not every lender needs 2 years of rental income. 

.) , but I am still unclear on how some parts are to be executed.The first three items they mention aren't figured out yet so no one knows how to deal with them yet. 

But that’s another conversation. 

@Ernesto CorreaIt appears that HELOC's interest rate is hovering around 6%.This interest rate seems very attractive to most alternatives.Regarding the deduction for tax purposes - Previously, you were able to take out a HELOC and the interest expense was deductible aslong as you itemized your deduction.

If someone is managing their own property you can either strike up a conversation with them about ways to help each other, recommendations for contractors they use, etc.

These are all items you need to consider for the BRRRR Strategy, and any buy & hold property for that matter. 

I'm not soliciting clients, just offering advice :)With a contracting business, and ONLY for a chart of accounts initial set-up, yours should be pretty straightforward, unless you plan to do job costing and estimates through QB and require items and services to be input as well. 

@Dwayne Dilbeck Welcome to the site and congrats on the IRA conversion. 

In general, you can choose to address all of the major/critical items that involve safety and/or potential code violations.   

Also, I guess that lots of you have maid market visits like this so if you have any suggestions of “must do” action items for an out of state real estate investor that would be great.Scheduled Plans Meet with local connection (friend REI) – general discussion over locations, economy, having a good time and meeting other people.Meet with Agent – first Face to Face meeting + attend showing of researched property at that timeMeet with PM – first Face to Face meeting, meet the team, see previous work available for rent, request to meet other professionals in the industryAttend local REIA meetings (I looked at the local REIA and they have 3 meetings on that week.)Personal time - drive through Concord + Gastonia (secondary markets except Charlotte city) main locations and get an eye view of “lower condition” propertiesAppreciate your comments.Thank, Guy