Also, I have concerns about contractors having the time to quickly get the new place rentable.

To whom it may concern,My name is Zachary McDonough.

The disrespect and poor communication is the only valid concern I can see here.

Is this something I should be concerned about?

The concern with hard money or a bridge loan is if we are unable to refinance into a conventional loan in 6 months because of lack of appraisal would be detrimental…but is that true?!

The fact that you spent the money on an LLC and got a credit card for it before you had a plan is baffling and concerning to me.

As a result, they are more concerned with smaller details and the daily functioning of their company or portfolios.

@Stephen Dallas  While I am not scared of major renovations (my last two projects have required renovations that were close or excepted the purchase price), I would be more concerned about the cash flow.  

I wouldn’t rent to individuals who don’t make at least 3x rent (and ideally they’d make more than that as that’s just a floor), I also wouldn’t accept a co-signer who doesn’t make at least 5x rent because they have their own bills and expenses, even if their credit scores check out I’d be concerned about them bringing in enough on a monthly basis to ensure that I was always getting paid, I’d honestly rather my unit be vacant than to rent to unqualified tenants ESPECIALLY in New York where eviction is a nightmare and the state doesn’t care about landlords in the least

Should I be concerned ?