Purchase price: $117,500 Cash invested: $85,000 Sale price: $240,000Bought a 2 bed, 1 bath distressed house, seller carry 95% of the purchase price at 4% IO, rehab cost $85,000 including an addition of a master bedroom and a master bath about 300 sq ft of new living space.90% of the house is new, roof, siding, subfloor, windows, sheetrock and texture, electric, floor coverings, kitchen, Air conditioning unit, front porch, garage, paint, etc, etc.Very satisfied with this project, good numbers...ROI 35% Neighbors, and city inspector are happy as well.

Hi, working on screening my first rental applicants and I wanted to see if I should gather additional info from applicants even if I have them go through the screening on Cozy?  

Open houses in my market are an invitation for nosey neighbors and fellow landlords, I don't do them.Get some nice photos, get up on Zillow, Hotpads, Cozy, Realtor, Trulia, etc. and see what comes of it.

@Rodney Wright, tearing down all the sheet rock is a huge job and probably not the best way to go about insulating, unless you have to tear it out any way.Insulation is great, but the first thing you have to do to keep a place comfortable is air seal.

Total renovation cost was $100,000, it was a complete remodel down tot he stud, finished basement, central air/heat, layout changes etc.  

I will get security deposit through cozy which is the standard portal I use for local tenants as well.

Suggest that they buy a dehumidifier, use exhaust fans and keep air circulating, avoid hot showers, boiling water, change the air filters - and the like that produce moisture. 

Have someone onsite i will pay 20% to manage air bnb rentals.

One tip I read was to get cozy with the law enforcement in your area and see if you can work something out with them to drive by your property weekly.

I'm moving over to Cozy as we speak, and they offer a background check as part of their process.