Is it possible to do.

Let me explain that better, imagine your rehab is $100k, you would need to do part of the rehab, maybe $10k, and then you can get the funds for those first $10k reimbursed so you can keep progressing with the rehab.Given your experience, I would recommend you start with a moderate or light rehab, mostly cosmetic work so that you can do it yourself and won't get your profit decreased by hiring third parties.

Do they pay on time?

I've been attending an investing conference for the past 15 years off and on and feel like I've outgrown a lot of it.

If we want to make upgrades to the units while our tenants are in there and negotiate an increase in rent when the lease terminates - suggestions on an appropriate way to do that? 

We always tested people out on small projects first such as doing a gut of a bathroom, 2 day repair jobs, etc. 

Additionally, property taxes and HOA fees are often higher in these developments, and it might take time for rental rates to stabilize.

Hi,When considering investing out of state, is it best practice to find a local lender in the market I want to invest in?

Does anyone do SRO deals?

@Kris Maiato I have managed roughly 20 homes in the area and do have some advice.