If you know a good GC and can verify their quality of work, reliability, and cost that would make it much easier for you, however, we found during our first flip that subbing the work out ourselves made more sense.

Whatever you decide make sure you verify the information that supports your numbers.Good luck

If your renter has not yet received an email from SmartMove to create their account and complete your rental application please first verify that the request was sent to the correct email address.

This is a debate that occurs often in the 50% rule.Some argue that with owner paid utilities, your expense ratio could very well be much higher than the average 50% while others argue that the rental rate increase for owner paid utilities makes the utility cost average back out to 50%.I personally do not have any verifiable data to back up either argument but my opinion has always been that owner paid utilities gives tenants 0 incentive to conserve and even increased rents could not prevent expense ratios from climbing higher than 50% averages.What are your thoughts?

Maybe you manage to get multi-year tenants, I'm still waiting for that to to happen.

To verify the numbers, the lender wants to see 2 years of tax returns to back the numbers.

So, if someone says they have a 200K of equity in a property and need to borrow only 100K, an alarm should go off and say, verify, verify, verify!

Can they verify this with you??

The title company could have the verified funds from the buyer on the first day, so there isn't really any risk for them either.

ALL will require a proof of funds, lest they file it under "F"... for "Forget it".I'm not saying don't try with the $20 EM trick, I'm just saying it may not work as advertised in the course you took.Oh, and PS - I hope you've seen a proof of funds from your end buyer in the form of a bank statement, and that you've verified it to the best of your ability.