Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

I would recommend taking the time to build construction lender relationships on your own.

Purchase price: $35,000 Cash invested: $20,000 Sale price: $95,000 Fix and Flip, Purchased from a neighbor that bought it from an older couple that could not take care of the home or themselves anymore.

Taking some of that space for the bedroom would only require framing in a non-load-bearing wall, closet, and bedroom door, plus adding a few electrical outlets/switches, and then finishing with insulation, drywall, paint, and trim. 

This is where you may specifically want a lawyer to take action for you depending on how difficult evictions are in your state. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Like everyone has said, do your research and take advantage of the real estate agent tool here on BP.

Almost take the house tenant free or have some form of an agreement to vet the tenant above and beyond. 

You do take the risk that you will actually get a tenant that only wants the place for 6 months.