I have seen many architects and General contractors does not care too much about city specific @Ryan Normand, Great suggestion that is what I was thinking hiring experienced GC and architect is critical for large remodel project.

Mortgage planning in this area is even more critical because DSCR type loans that qualify purely on the gross market rental income of a property and usually has prepayment penalties (up to 3 years).

I figure that I need to take control of items critical to the asset's continued ability to produce and I think pest control will fall into that category.

Having a Capital Company with non-voting investor members will certainly put them in the passive investment wagon.Since maintenance of the LLC is critical, having too many can be very time consuming.

This prevents information overload and forces investors to focus on the most critical aspects.

All of the deadbeat tenants I've ever dealt with have had clear background checks, so I'd just encourage you to think critically and be sure to look at your applicants from all angles.

Here is What NOT to do:- Do not spend all of your savings fixing up the okay kitchen when you have not fixed the pipes, replaced the destroyed carpet, and taken out the wet wood panels all because (we are doing renovations anyway)- And do not run around aimlessly How we handled it:- We did spend most of our savings fixing the kitchen and now have to do most of the work ourselves to get the actual issues in the house fixed (Fix critical issues before aesthetics Always)- Fix the frozen pipes: Done- Fix all taps, shower heads, and fixtures destroyed during the flood: Done- Take our the destroyed carpet in the basement: Done- Repaint all rooms, baseboards, and door trims: DoneIn summary, when faced with an issue:1.

This is a critical decision and can turn into a huge headache.

Such online real estate sites do not provide reliable estimates of rent or the time it takes to rent a property, which is critical information when seeking investment properties.Tell me about your renovation process. - You are seeking a response similar to: "I collaborate with the property manager to identify a list of renovation items.

Remember, building a great team is critical to your success as a real estate investor.