Top tier agents are making out substantially better in the new system.

Anyway, as far as camera systems, I would think a simple Blink system and wifi would work for what you want to do, with something like the Schlage encode for a locking system.

Ugh, Madhuri, as someone who is heavily invested in Detroit and helps a LOT of out-of-state investors get started there, this makes me sick.I talk to about a dozen folks per week looking to invest in Detroit and I've heard my fair share of Flip Systems folks.

Mainly because home inspectors already have tools and systems for quickly generating thorough inspection reports to help you negotiate credits, concessions, and/or price reductions. 

Improve building heating/cooling and electrical systems.

Capex is usually lower, around 2-5%, since major replacements like roofs or HVAC systems are far off.

With most hard money lenders - you will need funds to start the renovations - since they work on a draw system.

That's good, at least you understand the system.

Quote from @Laura Stayton: Quote from @Karl Kauper: For a 3-bed, 2-bath house in Sutton, MA (good school system), if I screen very carefully (high credit score, work history, no evictions, etc.), please describe for me the worst-case scenario for an eviction process if the tenant refuses to leave at the end of a lease term (assuming I do everything properly according to MA laws)?

My neighbor did this during one those programs (had a 2 family, made into a legal 3 family by converting the basement) but, among other things, he had to install a fire suppression system in the basement, expand windows for egress/ingress purposes, and do a whole bunch of other things.