I stressed "typically" because in the legal world the answer is always: "it depends". 

Bringing income total to 4600-5200 to cash flow around 800 before doing a hopeful refi if rates drop 🤞🏾.

There may be other things he can do depending on the facts. 

First What is your interest rate?

His name is Dominic Mancini at Guaranteed Rate.

It depends if you have a lien on title already (a mortgage or hard money loan), but I would either do this as a hard money refinance or a DSCR cash-out refinance to pay for the reno. 

The main items depend on the age of the house but typically include; Electrical- non-functional GFCI, double tapped breakers, missing knockouts on the main panel, missing electrical boxes and or covers, open-air splices.

With an average response rate of 0.5%-1% for most campaigns, are you hitting enough houses to expect a reasonable amount of calls to your number?

@Michael Mainini you have options and renting could be a good choice if your interest rate is low.

You will find much easier and cheaper financing options and can get into a home with as little as 3% down (and depending on your income, potentially no money down).