I have one now, the cost breakdown is 2 pages, with minimal detail.

I have read some posts where the recommendation was to do month to month leases in order to have an easy out if things don't work out, and in addition to rent the rooms furnished to minimize wear & tear by short term renters moving furniture in and out.

The house requires only minimal cosmetic updating. 

Even the most obvious of things just post them up, nothing can be overlooked for me as I am obviously trying to minimize my mistakes and come out with as much in place as I can. 

E.g. iLevel (if running a fund), or the Yardi / ResMan platform (not very nice from an IR perspective, also minimal data analytics)The above are just a few of the items you will need (and might be already using). 

Originally posted by @Wayne Brooks:......and permits.don't do it don't do it don't do it.. if you can do minimal work get in get out get paid.. 

My thinking for doing SFR first was to minimize the amount of variables that can go wrong, but I'm always open to suggestions.

HMLs are for those to whom conventional loans are not suitable.Most of our short term HM loans, for instance, are like a cold shower - you do what you need to do (usually purchase, often rehab and flip, or stabilize and refinance), exiting as soon as possible to minimize the loan carrying costs.For buy and holds that don't want to use conventional loan sources, after any rehab has been done (or in the first instance if no rehab) we often suggest our 30 year fixed, fully amortized loan.

We would like to work with an attorney and tax specialist who focus on out of state real estate investing so we can setup our corporations correctly, establish the correct partnership structure, and ensure we minimize our tax exposure from the onset.Thanks again!

I had a dark red once and covered it in a single coat with a paint that was made to block the previous colour.You aren't living in the house, but need it to appeal to people.