It includes high-efficiency HVAC systems, contemporary LED light fixtures and multiple tankless water heaters.

With most hard money lenders - you will need funds to start the renovations - since they work on a draw system.

Quote from @Laura Stayton: Quote from @Karl Kauper: For a 3-bed, 2-bath house in Sutton, MA (good school system), if I screen very carefully (high credit score, work history, no evictions, etc.), please describe for me the worst-case scenario for an eviction process if the tenant refuses to leave at the end of a lease term (assuming I do everything properly according to MA laws)?

One time (the $100k) time, we found that the sewer line from a 32 unit apartment building actually just dumped into the creek and was never hooked up to the city sewer system which ended a few blocks away.  

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

I think you did a great job highlighting both the pros & cons of student rentals & you definitely have the systems in place to keep scaling.

- How can I estimate expenses for installing utilities and creating roads, sidewalks, and drainage systems?

For individual properties, we've recently started using a QR code system for wi-fi and email capture to save on costs.

This, I recognize, is a consequence of my decision to go Section 8 versus other avenues. 

@Rene Brodowsky appraisers, like most workers, will take the path of least resistance if allowed.Appears they are using an AI system to valuate your home.As suggested already, you may want to request an actual appraisal, which you will have to pay for, and send your own comparables to Huntington Bank to try to guide the appraiser.Otherwise, you may need to try a different lender.