I was able to time up the loan process pretty much perfectly to time the appraisal for just when the remodel was completed.

Please don’t be fooled…YOU ARE CORRECT…There are too many people WAY…overspending on “ investment” properties….therefore… with mortgage debt too high… there …IS … no cash flow..To be perfectly honest and a little mean…… I am tracking the manes of the mentors and gurus in my town that aren’t raising hell about over spending…When / if the next crash happens, they will be all over the REIA circuit selling foreclosure and short sale courses…And I will be there too… asking open ended questions that lead to no other answer that… THE REIAs and the GURUS were a part of the reason that so many young naive investors went BK.and… yes… if the crash happens… I am locked and loaded.experience in Short Sales.. ( worked …IN… Bank of America’s short sale department… so I KNOW the process from their side of the transaction)killer cashKiller creditkiller Instinct

While no one is perfect, including our PMC, this seems to be several mistakes - which is unacceptable.So, use the advice below to find a new one.Even if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

This sounds like a perfect fit for the "new" Airbnb algorithm, where they seem to promote the unusual stays at a premium over the traditional. 

And buying 10 or 50 is perfectly doable. 

You are describing the perfect example of a situation needing a "DSCR" Loan - made exactly for this situation, meant for turnkey (fully renovated and rented) properties and qualification based on the property, not the income (no DTI, no income verification needed). 

I don't have a lot of sympathy for those that tried to skirt the law and get away with it.

It's frustrating because I have the perfect lender for this scenario in WI, but they don't lend on IL properties.

E-sign is perfectly valid, very few things would need to be done in person.

Thanks  Nope perfect, (realtors are useless) When you insult the seller you did a good job!