Do you avoid them completely, or use other outreach methods like texting or mail? 

After complete remodel, we made it into a 4br 2 full bath with a finished basement.

I recommend you develop a plan explaining your circumstances, how you got here, and include a plan forward with a detailed scope of work.Your project might be worth $430k to $450k when complete, but not right now and there’s no way to estimate its value from what you wrote.

However, there are still many that are completing jobs in a timely manner within budget.

Both need complete overhauls/gut renovations.What I'm looking for:Experienced general contractors who work with investorsReferences from other investors who've had success with local GCsTips on Birmingham's permit processQuick questions:Who are your go-to contractors for major rehabs?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $45,000

Cash invested: $76,050

Found this VA foreclosure on MLS—a 3 bed, 1 bath on two large corner lots. It had a ...

Botanical chase hill, San Antonio - Original completion June 20233.

.$25k number comes from a completely different tax rule and has nothing to do with STRs.

Daniel, assuming your underwriting is sound, the next steps are pretty straightforward:1. find yourself a great private lender2. purchase for cash3. complete your rehab4. secure a tenant5. refi with a DSCR loan.

Your tenant relations will worsen and you will lose out on the maximum rental income until the work is fully completed.