Hi all,We have a 4 bedroom home in Austin TX we’re considering renting out as an STR.

If not I would pass and rent it as is (if in good rentable condition.)I only go into a full rehab when I am ready to sell the home. 

Does that apply to conventional loans in general?

Thank you for responding, i have my house, but with everything getting so expensive taxes and insurance among other things i would like to ad an addition like a studio.

I assume you’re simply trying to get a regular investor loan in your own name for 50% of the value to pay off the other heir?

Investment loan with 20% cash down.

as long as you don't need the income to qualify for the primary loan, you're fine. 

In France (my home market), money goes to a segregated account.

I made it by, but was never able to refinance due to various circumstances and none of the mortgage companies (it switched quite a bit) allowed a loan assumption to put it solely under my name.

Inflated ARV's and underestimated rehab costs are common practice with most wholesalers, much of which are newbies who have never flipped a home themselves.As another stated, there are other ways to land deals besides wholesalers so cast a wide net and use multiple avenues to funnel your leads.