Cost of a new build will require a reasonable amount of money depending upon your location.

Ordering payoffs and HOA docs also require time to process. 

If you are looking to finance the purchase and rehab, most hard money lenders will be able to lend to you as long as the total loan amount does not exceed 75% of the ARV and you can put 20-25% down on 1-4 units. 5+ units will require experience with several 1-4 units or 5+units 

Their business model relies on deal flow, and that requires some conformity to what the secondary market is willing to buy.

BUT even having ALL the details in the listing..... requirements etc....

We also tell them when they’re going to get their security deposit back and what requirements they have, which are the requirements that are spelled out in the lease, but we highlight the typical problem issues like cleaning, lightbulbs, cutting the lawn, removing all their possessions,… Etc.

I will pass.( the LARGER the risk/ loan/cash/ time… the LARGER I require in likely return.)b) RENTAL …same INITIAL investment… at the end… property value ( ARV)..MUST be great enough to1) refi… 2) All cash out is back.. 3) Cash flows positive enough to build ( any situation) 6 month cash backup.4) Property MUST have enough equity so that if I needed to sell TODAY… I won’t lose cash.The above requirements “ appear” to be unrealistic ( todays market) … ONLY becausea) non mature / non savvy “ investors are climbing over each other to out bid on over priced “RETAIL” properties being marketed as “ wholesale deals”b) the Gurus and Real Estate Investor Associations are NOT doing their NUMBER ONE JOB… which SHOULD be…To..”

This is an average condition house for the neighborhood and area.I have set my screening requirements as:600-650+ credit score3 times monthly rentNo evictions, violent, or sex crimes6+ months of job historySome form rental references.I have an applicant who meets all requirements except I am unsure if he will have rental references because he told me he's couch surfing right now.  

You might also want to check and see if STR are excluded from the licensing requirements.

Some of this will depend upon what your state licensing board requires.