And whether or not the floorpan needs to be rearranged.

Usually these owners are well connected in their city and can be tracked down fairly easily.

I think this is a very easily duplicated model and a great plug and play for tourist destinations with old, outdated B&B's. 

It cost thousands of man hours of labor and cannot be easily created to deal with inefficiencies in the market.

I do this for every rehab, and for me, it's a personal walk-through of the house that I do myself, not a checklist for someone else (and I'm normally big on checklists and delegating, but not for this super-critical task)...In fact, this is one of the few things that I don't trust to my contractors, my project managers or even my wife to do...you only get one chance to impress a buyer, an inspector and an appraiser, and if there are punchlist items that aren't fixed, you can easily blow a sale or take a hit on price.Basically, I step into every room, look at every wall, carpet and ceiling, open and close every door and window, test every appliance, test every electrical fixture (I even use an electrical tester on all the outlets), test every plumbing fixture, test the HVAC, etc.At first, I would walk around with an inspector checklist...but it's all second nature.

Once you complete the rehab, you can easily refinance into longer term financing. 

This can easily be taken care of through a certified check, wire, money order, or cashier's check. etc.

I've created several LLCs for different purposes (coaching business, rental business, etc.) very quickly and easily myself through my state's secretary of state website.

I also have a well paying job that enables me to easily cover the negative cash flow and still sock away more money for future investments. 

Tons of demand from solid working class tenants  which is more my niche and what most of my BP clients tend to go for, you can also self manage easily these tenants so gives numbers a boost.