Do you have a specific policy on evictions.

Specifically, must this be a commercial/business loan type where you have higher rates and shorter loan life or is there an alternative loan type? 

This is one area where it helps tremendously to have per-existing relationships with people in the industry such as family or friends.

Specifically I could add a French door to a room to make it a bedroom.

My advice would be to specifically retain a potential eviction attorney from the start, in order to be prepared for how this *may* go. 

I scoured craigslist, the web and facebook for people to do very specific tasks.

Any HML will want answers to those questions plus a rehab budget before getting you a term sheet for a fix n flip loan for this property.I close these types of loans all the time, if you have any specific questions about the process don't hesitate to reach out.

Any one of us could give you our two cents on the math of it, but only you can decide if it makes sense based on what your specific goals are. personally, i paid points on my house because my goal was lowest possible monthly payment.

It’s easy to say “just screen better,” but I imagine truly tightening up criteria without killing occupancy can be an art.Since you’ve seen this play out firsthand, I’d love to hear more—what specific strategies have you used to filter out the bad tenants from the good ones?

Real Estate Investors:There’s been a lot of discussion about how the upcoming election could impact our industry.