Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

We offer a quick application and it’s collateral-free.

I like to see applicants that have at least 6-12 months at their current job.If you're not confident in the renter, you could ask to have a guarantor/co-signor, although I generally avoid this.

For this example, let's assume you've done the necessary research and are confident the renovation will cost less than $50,000 and take less than 3 months.Project Management Cost: You need someone to manage the renovation, schedule all work, visit the site regularly, and send progress updates.

I not only found (and kept) amazing tenants but also took out a home equity loan (through Figure.com) from the San Jose property at really good rates (whole process took 5 business days from application to money in my bank).

So don't expect a full report, but yes of course the right GC communicates the key things, keeps a consistent pace of progress, and is priced reasonably.This has been what I've learned hiring GCs in the past, and being hired as a GC for investors more recently.

Modify the bathrooms to meet requirements and decrease liability.I would consider that application but the lease agreement has to be spot on and the deposit substantially larger.

I appreciate the insight and will use that information as a guide as I progress. 

Hi JamieThis question is likely applicable to many people and markets and not just MI. 

@Eli Kim Solid progress!