Rehabbing and Hold

[Tiffanie Aiken]

What is the process for rehabbing and renting? I tried doing a search, but I'm not sure I am using the right words or combinations to find recent info.
I am working on my biz plan and my realtor is telling me there is a stronger demand for rentals than resale here in Columbia, SC, so I am trying to figure out how to make the process work.

Thanks

[Jon Holdman]

Not sure what sort of a process you're looking for. You buy a house, fix it up, and rent it out. The cheapest way is to buy a house with a reasonable down payment and a conventional loan and fund the rehab out of pocket. Doesn't work if the house is in bad shape. Then you have to use hard money or some other funding source to buy and fix up the house, fix it, rent it, and then refinance.