The idea is to set the tenant buyer up with a mortgage broker right away so that they can monitor their progress and help them clear up the negative items on their credit report.

He did great on the big surface items, but the detailed finishing was horrible.

He did great on the big surface items, but the detailed finishing was horrible.

Of course, this would all depend on if your DTI to qualify for your next purchase can tolerate maxing out your LTV.Side note on your next appraisal: when you have your property appraised, I always find that it helps to do some legwork prior to your appraisal and dig up very strong comps for them to use as well as itemize the list of improvements you've made to really sell the increase in value.

Penny.If you're an out-of-state investor, buying in Birmingham (or anywhere in the South for that matter), take note of these items and make sure you're aware of the costs to replace.

We have a bunch of items to put out.

Methodically eliminating every item on the inspection report starting with the safety hazards to cosmetic.

Interesting item to point out as well is I put out a tape with some low balance assets and have received only a few bids.

You will have a rental property with capex items taken care of and if you find the right deals, you get to recycle your money.  

We repair, replace, and upgrade items while the tenant is in place.