Thanks Guys for the awesome tips shared.

Thanks for the Trustmark tip!

I recommend you read this book, download copies of your state statutes to educate yourself, and then start building a "book" of policies, forms, form letters, and other resources just like you would any business.You're only managing one rental, so don't go overboard.

So, Here are My Top Tips for Fix n Flippers When it Comes to Rehab Below:- PLAN YOUR SCOPE OF WORK AND REHAB BUDGET WITH DETAIL- FORECAST PROJECTED BUDGET AS ACCURATE AS POSSIBLE- USE A REHAB BUDGET TEMPLATE PROVIDED BY THE LENDER RATHER THAN MAKING IT SO YOU DON'T FORGET ANYTHING- HAVE 25% OF YOUR REHAB BUDGET AVAILABLE IN LIQUID FUNDS - DRAW OR DESIGN SKETCHES OF BEFORE AND AFTER REHAB -- ASK YOUR LENDER FOR HELP IF YOU NEED :)- ASK YOUR LENDER IF THEY OPERATE ON A DRAW PROCESS OR NOT- ASK YOUR LENDER IF THEY CHARGE INTEREST ON UNDRAWN FUNDS- ALWAYS OVERESTIMATE YOUR REHAB BID -- EASIER TO GET REIMBURSED RATHER THAN ASKING FOR MOER FUNDS (KEEP IN MIND YOUR RESERVES THOUGH WITH A HIGHER REHAB AMNT)What are some of your best practices when it comes to working with a Lender as a Fix n Flipper?

Remember that tip about driving and walking neighborhoods?

Thanks for any input/tips!

very helpful tips

,Take his app, if he qualifies and wants it let him move.He might want a better location (for him) a bigger place (plans on getting married), better neighbors, closer to the Bowling Alley, less morning traffic on the way to the freeway, his dream neighborhood--who knows.Then turn his existing unit and put someone it it at market rent--if it will hold market rent with good renter.Pro Tip: On the way out, ask him Why he decided to move.Maybe the new place has a tree that's just right to hang dead deer from while he processes them--who knows (???)

I would love to either work with other investors or simply get a few helpful tips.

(someone said you can’t renew for another year so just making sure)Any other tips would be greatly a appreciated!