If your property management company is good and has built an internal maintenance team which has set rates and had strong relationship relationships with licensed contractor which should keep costs in control, you should never need to shop contractors on your own I wouldn't think.So in short, our policy is give us your preferred contractors upfront if you have them, but then we work all tickets to resolution including dispatch, and payment of invoices.This is of course for operational expenses.  

Quote from @William Taylor: Quote from @Addy Chupa: Hi William,I ran some numbers using our tool, and I’ve included my thoughts below, along with two scenarios: one based on your exact assumptions and another with adjusted figures that I believe could make the deal work better.Observations on Your Numbers Utilities: Based on your calculations, it seems you’ve assumed the tenants will cover all utilities.

That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.

Many billionaires and celebrities own property there, including lots of Americans.The infrastructure is top notch.

Some types of Creative Financing include: Seller/Owner Financing, Land Contract, Wrap, Assumption, Subto, Lease Option, Contract for Deed.

Quote from @Pablo Avila: There are plenty including myself!

Include before-and-after photos, receipts, and a list of all the work done.Curb Appeal: First impressions matter.

HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."

Including monthly obligations and who will pay them, etc.

It does not include the rent income, just the appreciation, it is about 11%.