Now I typically will go to the property and give an estimate, take photos and create a scope of work in the first 3 days, then we revise it when the inspection report comes back, and then we bring in the contractors. 

owner has not rented it out this semester due to do some rehab, actually did most of the bathrooms and they are in good shape, carpet is awful, needs paint, kitchen cabinets and better lighting. lower level apt needs gutted due to toilet leaking from above. here are the numbers:purchase price 330krents last semester avg=333/month, did not rent over summer, "I let them just leave their stuff til the next semester", my friend was seeing RED after this statement...expensesrents (if occupied at 333)=3663/monthtaxes 2200garbage =100 (actual quote from WM)water and sewage 525electrical=passed through to tenantPM=started looking, but quotes at 8-10%insurance= 300 (est.)planning on ripping carpet out and going with vinyl hardwood throughout, new cabinets in kitchen and paint, fix lighting and general clean up. plan to get rents up to 500-550 month, lease term 1 year. interviewed PM and he said they take one month's rent for placing a tenant, is this typical?

Typical 3/1 set up, beds and baths down a hallway, kitchen/living/dining as you would expect.

Basically, rinse and repeat this model and leave may be 10-15% of money in the deal instead of typical 25% down for investment properties.

Expect typical cost per website visitor (CPLC) to be $1-4.

To my knowledge typical duplex rentals go in this area between 550-650 a month .

PM lease up fees vary but typically 1/2- 1 month rent is what I’ve seen.

My very first meeting with lenders, I had mapped various sample financial deals (one for each lender) from the biggerpocket.com calculator, printed them in pdf color and showed the lender that I had an understanding/command of certain business terms (cash on cash, IRR, ...etc). 

Also, they don't get as excited about REI loans, as they are more typically looking to help the Small Business Owner get off the ground (e.g. a Donut Shop, or Lavette's Account,...) at least that's what their rep told me.As for that as for that being a REI strategy, it's viable as long as your numbers are solid and you can profitably repay the loans. 

I don't think there is a lot of regulation on what ls legal for transient occupancy, but typically if it's not considered safe for a tenant, it's also not safe for an Airbnb guest.