Select your partners wisely - Realtor, Lender, 203k Consultant, and ContractorREALTOR - it's recommended to work with one that has done a 203k in the past so they know what verbiage HUD wants to be added to the purchase offer contract and how to structure the dealLender - advice you to select a lender with verified 203k experience; the lender is the quarterback in the process, controlling the rules, paperwork, processes, procedures, and if the lender does not have sufficient experience with the 203k, your entire process can look like the Cleveland Browns on a Sunday afternoon203k Consultant - the lender is responsible for selecting the 203k Consultant (refer to Lender paragraph above); this person determines the scope of work and pricing for the projectContractor - strongly advise you to select a Certified 203k Contractor; this person does not set the pricing (see 203k Consultant info above) but does need to know the different versions of the 203k, payment methods, timelines, paperwork, and processes; definitely don't want to work with a contractor who is going to "wing it" on a 203k.

What are the best and time effective ways to build credit?

If you're looking to invest out of state I would suggest picking a specific market vs selecting one specific turnkey provider.

The new loan or refi (not sure if you are getting a line of credit or pulling equity) will ultimately effect your DTI so be mindful of that.

From what I have read, their measures seem to be the most effective.

The REO agents represent the banks and will disclose obvious maladies, but if a bank requests the agent to selectively forget something, it happens.

My recommendation, though not specifically about real estate, but the philosophy definitely applies to real estate is "The Compound Effect" by Darren Hardy.

Your mortgage lender is responsible for selecting the 203k Consultant for you.

Depending on the rehab 30-90 days.Rent - Select a great tenant - the property is now a producing assetRefinance - I always use local banks.

The effects of a collection a long-reaching in this way, so your best bet is to get this fixed ASAP and you be the one who initiates the contact.