I am with the largest mortgage brokerage in the country, we field options and pricing from 270 investors across the country. 

It is my largest company and holds probably 60 to 70% of my rentals. 

Start with the essentials, not the cosmetics.A rent-ready home needs working systems, not “wow” factors.Our checklist always starts with:• Plumbing function• Electrical safety• HVAC reliability• Roof conditionIf these aren’t right, nothing else matters.2.

Buy a slightly ugly but functional property.

You'd only need 3.5-5% down and can mitigate your largest expense--housing.

In the first month, I had assumed the work put in would be the largest factor, but after cold calling daily I am finding that might not be the case.Would love to keep in-touch through the process, as it seems my systems will change until something begins working (attempting to put 1 month of all-in with an avenue before changing).

Dwelling Coverage = Anything that is permanently installed and services the structureThis bucket includes items that are:Built-in, hard-wired, or plumbed directly into the propertyRequired for the property to function as a habitable dwellingNot intended to move with the ownerExamples carriers consistently classify as Dwelling:Furnace, HVAC condenser/air handlerHot water heaterDuctworkElectrical panelsPlumbing systemsHard-wired appliances (dishwasher is usually in this group)Built-in microwave/vent hood comboCabinets and countertopsAttached light fixtures and ceiling fansWater softener (plumbed in = treated as part of structure 95 percent of the time)These are structural systems.

Cheapest most functional way to remedy that ungrounded issue.  

Make sure they’re a true lender (not a broker), request a clear term information with no surprise fees, confirm they regularly work with first-time flippers, and ask how their draw process functions.

.• Demographics are shifting the entire curve.The largest growth over the next decade will be ages 40–55 and 70+.