To simply say manage is a broad scope of business but is also rather limiting as you may want to buy and immediatley sell a property sometime, that may not meet the scope of business to be conducted and thereby lose the benifits of your LLC if something blows up in such a transaction.Just saying, I prefer to cover the bases specifically, buy, sell, trade, exchange, construct, repair, improve, demolish, develope, lease, sub-let and manage, borrow, advance or lend money and to do all other things necessary and/or related thereto as allowed by law.Doesn't mean you must do those things, just that if you do, it is within the scope of your regular business to be conducted.

Follows regular Fannie guidelines so you can certainly qualify as self-employed as long as you report enough income to qualify.Without any income verification you'd be looking at commercial financing or hard money.

Replacing it with a regular tub probably isn't practical.

The challenge is getting a painter to work in a very narrow window of opportunity - when you need him.The market tends to be very slow from Christmas until Feburary - ajust your holding time accordingly - this is great time to pickup up REO bargains.Many winter/spring REO's have frozen pipes which seem to scare away some investors and regular buyers.

They get people asking for assistance regularly and most will never do a deal so they are protective of their time.

There are two types of 203k loans: a streamlined version and a regular version.

Hi @Elia I actually went to a meet up for the boston area Real estate investing association and I definitely might just start going regularly and get myself acquainted alil more.

I know every property has different needs... but what do you recommend I do regularly as far as maintaining the property.

If not you might try a regular listing...  

If you have a lease you may be able to use that revenue as regular income when calculating the loan amount.