Phoenix, AZ has been a great market for the past 10 years, but not so much in the past two years, as supply has really started to inhibit price and rent growth.

While I have the funds for the down payments, I’m in need of approximately $30,000 to cover the rehab costs for these properties to get them in market rent shape.I’m exploring various options to secure the necessary financing and would greatly appreciate any advice or recommendations on the best ways to obtain rehab funds.

Congrats - are you holding this fully free and clear (no debt)?

No traditional lender on the planet is going to fund that quickly: You should expect 30-45 days to close.2.

Hi, Cheryl, I know this is an ancient post, but I just happened to run across it and it's still relevant and had no responses, so I figured it wouldn't hurt if I chimed in.I'm a landlord and I operate a lead dust sampling business in Philadelphia, Delaware and Montgomery counties in PA. 

That depends on the loan agreement you have with them, some require it, some will not allow it and others it is silent which typically means no restrictions.  

Not every lender offers it, but you can do an investment property reno loan and roll the renovation costs into the mortgage.

@Jason ColemanUnless you find a cost segregation provider in Greensboro, travel costs will be involved.

That has been talked about forever.While I mention that I would agree Springfield, west Alexandria and Annandale are ripe for a huge boom as on the Virginia side it’s the one area that does not have great metro access so the cost of housing is considerably less than abutting downtown Alexandria / Alexandria-FFX county and falls church.

It's 1566 sq ft and the cost is about $300K .