But I'm thinking a hard money lender may be our best route just for sheer speed, the banks I've been talking to are talking about 6-8 weeks before I could potentially see the money, which would really set us back.As far as pulling the credit once you determine that we would be a good borrower, I see that a potential conflict of interest.

Good luck, God Bless and God Speed.  

We're in the process of selling off two SFRs right now (the returns just aren't as good as MF, and we have good equity in both) and once renovations are done on a 4 unit, we'll re-fi that to get our cash back out, so hopefully we'll be in full-speed acquisition mode come 2017. 

I wanted to bring everyone up to speed.

Hope I can help,God Speed   Michael Short     

It is easy to figure out average rent (www.rentometer.com) as a starting point and if you are a house flipper, it shouldn't be hard to estimate how much costs you will have bringing the building up to speed. 

Also, with the ever changing policies in cities in regard to short term rentals, if indeed you are looking at it as a Vacation Rental property you want to be up to speed on local permits, insurance costs, and other things. 

Six months building time per home...5 years = 10 homes (no land speed records, but moving along)So....please tell me the parts I have forgotten, ignored, underperformed.

completly agaist the law but there is not enough money in it for a lawyer to touch it .. he is bluffing .. even if he paid out of pocket with hopes that he get reimbursed from you .. you can alway remind him over the phone that you to .. can hire a lawyer and he might be responsible for his fees ..Im sorry for your bad experiance with a terrible tenant .. and wish you the very best ..God Speed, Michael 

I have a tech background so I have an idea to speed the process up with some automation - I was just hoping I could get something off the shelf.