@Shelly DorisAn independent appraisal is not a item that needs to be disclosed in any state I have ever done business in.

Podio is very customizable so it serves as the "central hub" or "interface" and creates the relationships between items.

What I run into quite often, even though we tell our clients not to, is that during their loan process they will go buy/lease a car or some other high balance item and go over their debt to income limit.If you lease a car before you apply for a home loan and it shows on the credit, and your are approved with that debt you are fine.

I can relate ... and as an added bonus, it is a motivator for going to college too, because you figure out very quickly that you sure as heck don't want to be a painter, or trash collector, or cleaner for a living :)

By finding these items, I also knew that this would eliminate many buyers using FHA loans.

There are items that are more labor intensive like painting, but on larger rehabs they typically work out to be about the same.

Those are the really big ticket items.

@Benjamin Shaw another item to consider is that the rent for a renovated $160 property is much higher than for an unrenovated $100 property; so, you have that additional rent to cover the additional mortgage.  

Def one of the most important items on a BRRRR is the ARV.

Opticos did touch on 'transition zones' in their last presentation to the Advisory Group, although they call them something else, that extend off of corridors one to two blocks into collector streets.