I'm sure if you follow these strategies @Cameron Woodward you will certainly be heading in the right direction.Do you want to rent out the rooms long term or short term?

If you find a reputable, experienced agent/broker the commission is well earned and you will save a ton of money in the long run.

Their neighborhood selection process is key in affording investors a home in an area that instantly produces positive cash flow and high probability to earn above average market appreciation over the long term.

Although IDK how DSCR lenders would perceive this strategy, but it does align more closely with long-term rentals and several still do STR properties.

A long time ago someone asked me what I could hire someone for to tear out old cabinets, carpet, drywall, and other task.

That’s been here for a long time, I’m not aware of a small one being built anywhere else.  

But in a year interest rates could be better.The bank is asking me about how long I want the terms to go, amortization, how much, etc.

30 year fixed, low interest rate DSCR BLANKET loans (put multiple 1-4 unit properties under one loan for cash out or for purchase).Ground Up Construction loans for aspiring developers with NO Experience100% Financing on Fix and Flips (just pay closing costs and prepaid taxes/insurance)Fix and Flip financing that requires no appraisalHELOCS on investment propertiesBuilder's Forwards (for medium to larger developers who want to hedge interest rates on their properties they plan to sell so they can offer "low builders rates").DSCR loans for long term AND short term rentals (I think this is becoming more and more common, but some people have still never heard of this).And so much more!  

So you have financial outfits getting involved in businesses that had long been left to small owners or specialized funds.

If these developments are likely to enhance the neighborhood's appeal, holding onto the property could be beneficial in the long term.Cost of Renovations vs.