The house will be pretty close to brand new inside and out.

Can sit on the highway in the same spot through 4 lights.

The home is empty and the lights and water are off.

Everything from the electrical, plumbing, roof, interior and exterior was brand new.

For example if you grew up in Hopkins you would likely know every part of the city and whats improving and declining.Your market is the twin cities area and the demand for rental housing, price to rents, and future trends.You need to know your city and what they expect from landlords and the costs involved in compliance.Neighborhoods are not the same block by block some have good demand blocks and others have undesirable blocks.Knowing your block would be understanding that the houses in a certain part of the neighborhood are In high demand because of the walking trail, proximity to transportation, or a school boundary, planned light rail, etc.

Hopefully this just sheds some light on where that big bank LO is coming from.

@Natalie Kolodij, can you shed some light?

Light cosmetic rehab (flooring, paint, etc) Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Also have it in the lease what items they are required to get on there own (example: Tooth paste, Toilet Paper, Paper Towels, Laundry Detergent, Light Bulbs etc.).4.

I’m brand new here and have a question about financing.