This is my first (possible) home purchase so I am super excited about it but trying to be smart. 

For materials, we normally send the contractors to Home Depot and have them purchase what they need using our account.

Rental rate (please include stats for home so I can compare)?

Look at small multifamily homes with high rent potential and get a regular loan to skip PMI.

Rent Out Their Home: Prepare your parents' home for the rental market to generate income.2.

Investment Info:Single-family residence buy & hold investment.I lived in this home for almost 2 years and had always been interested in turning it into a rental.

If I were in the same situation, I would look for another home while renovating the one you are in. 

Here’s the scoop on the property:Property Details:Built in 2021: Modern and low-maintenance.4 Bedrooms (Convertible to 5): Flexible layout.2 Bathrooms: Great for families or multiple tenants.Turnkey Rental or Primary Home: Ready for investors or as a family home.Location: Just 10 minutes from the University of Riverside.Vacant: Ready to move in right awayMortgage: VA loan @2.5 percent interest rateWhat I’m Looking For:Realtor Recommendations: I need a realtor who knows their stuff with creative financing—seller financing, lease-to-own, etc.

For example,Late RentInsufficient FundsUtility ReconnectionReissue CheckA/C Clean ViolationPest ControlRenewalMove-Out AdministrationUnlock RequestKey RequestFailure to Return KeyPilot LightingGrilling ViolationGarbage ViolationClogged Drain / Tub / ToiletWindow ScreenHurricane Shutter ViolationSmoking ViolationLease Amendment AmendmentPet ApplicationUnauthorized PetGuest ViolationUnauthorized OccupantInspection (due to tenant violation)Yard RemediationPool RemediationSmart Home Device TamperExterior Maintenance ViolationParking ViolationCommunity Amenity ViolationMarketing (tenant early termination)Notice (due to tenant violation) PreparationNotice DeliveryLien ViolationSubleaseAssociation ViolationEviction (not including attorney’s fees and eviction costs)Rent Verification10.

I am seeing a lot of new homes near Downtown that are good for the price and have great potential but they are in older neighborhoods.