(vacancy, surprise repairs, insurance deductible if you make a claim, etc.)

Rehab Budget & ARV – A clear scope of work and after-repair value estimate are key for fix & flip loans.Entity Documentation – We will require an LLC, have your articles of organization, operating agreement, and EIN ready.For first-time borrowers, transparency is important.

Neutral palettes, durable finishes, and a few standout features (statement light, tiled niche, upgraded hardware) to photograph well.Pricing & launchPrice at or slightly below the comp trend to spark day-1 traffic.Professional photos + video + floor plan are non-negotiable.Go live Thursday morning; host strong opening weekend events.Targeted incentivesOffer closing cost credits or rate buydowns via preferred lenders rather than large list-price cuts.Pre-list inspection + repair report on the counter to build trust and reduce renegotiations.Fallback exitsPre-approve a wholetail path (light cleanup, then MLS as-is) if construction risk rises.Keep a BRRRR option: refinance to a DSCR rental if DOM stretches and cash flow pencils.Lease-option or corporate housing as temporary monetization if needed.

When I was an agent I would often track properties that I considered to be "MLS gems" properties that where in need of an update or serious repairs. 

That often meant repairing flooring in addition to replacing the tub.So, if a walk-in tub makes your property more attractive to your target market, keep it.

A couple of tips that might help: start networking with local lenders early (especially ones familiar with FHA/owner-occupied loans), and run the numbers with conservative vacancy/repair assumptions so you’re not surprised.

If you’re floating repairs, furniture, and off-season vacancy out of pocket, it’s going to bleed fast.3.

From the tax side, here are a couple of things to keep in mind:Since part of the property will be a rental, you’ll be able to write off a share of expenses like insurance, property taxes, repairs, and even depreciation.

I refined the prompt to something more like this: I want you to pull comps for this property.

You also run in to the problem with cheaper properties that many repairs cost the same as they do for properties worth twice as much with double the rent.