I.e. the loan will pay out $5K if you have a GC tile the bathroom, but will not pay out $1K for materials if you tile the bathroom yourself.If you've got the funds to purchase a property and enough excess income (plus new rental income) to tackle updates over time, then you can go the conventional route and lock up that 30 year financing which is a great way to start out.  

The IRS does not necessarily agree that advertising on a vehicle means that every mile driven is a business mile.  

It was rehabbed by a Mark Edmondson and has required costly repairs from day one, not to mention that it sat vacant for months because the promised tenant never materialized.  

His website certainly gave me the vibes that a sales pitch would soon follow in his material.

Let me explain... a brand new 3 bed 2 bath 2 car garage home that sells for $127,900 only rents for $1200 per month.Compared to a 30 year old home that sells for $85,000 and rents for $950 per month.However, a brand new 25 year Owens Corning shingle roof, high efficiency HVAC unit, new hot water heater, Delta faucets, and local code is much more strenuous today compared to 30 years ago.Building materials are more efficient and homes are much better insulated. 

Don't want to break the bank, but want to keep an eye on all my material. 

Your tools and materials will get stolen.

I do acknowledge that labor rates in the flyover areas are substantially lower, but base material costs are really not that different.  

When you have questions arising from the material, post on the forum. 

I'm driven and want to suck up all the possible knowledge.