Market fluctuations, maintenance costs, and the complexities of managing tenants are aspects that require careful consideration and planning.

He was the lead attorney for the National Association of Residential Property Managers and really knows his stuff.

Typically those lenders, agents, property managers etc. that they suggest will also be able to provide referrals.

If you want to be a career landlord, find a landlord attorney who specializes in property management operations.

I would recommend reaching out to local property managers who specialize in Section 8 Rentals to get a better sense of what timelines are looking like for section 8.

If you have the cash and the credit and the deal scenario works (meaning the project cost is less than 75% of the ARV) then you should get 80% - 85% of the purchase, 100% rehab held in escrow, at about 2 points with like a 1500 service fee.

Vacancy can vary, but if you work with a good property manager, you shouldn't have your property vacant longer than 60 days out of the year. 

were you able to find a property management group? 

The goal in the future is to get the permit and add the value for a future refinance.I have called the county and building department and they said that I will need blueprints of the alterations and submit them for approval and get all the inspections in place (I know this will be a headache and can be very costly).

Alternatively there are also asset based lenders that do not require DSCR calculation or income verification, that can be less costly than hard money, and fully amortizing.