Most of us assume any deal package is padded so we end up rebuilding the whole thing anyway, and the real cost is the time and mental bandwidth.That is basically what Investor Edge Concierge does.

The problem seems to be lack of communication between the loan originators (salespeople basically) and the underwriters.

If you've not flipped before, start with a simple, basic, cosmetic flip, then progressively get more complex with it before finally moving to basic ground up.

Character, or credit as some call it, is the concept that "past predicts the future".

You can buy one on Amazon and pay someone to install.Or maybe a basic window unit would suffice for such a small place....?

Any ideas, proof of concept, or real life stories you wish to share?

First we "test" if you have the necessary basic level knowledge to have a fighting chance at making, not loosing, $ on Wall Street.

.⦿ Gather forms and documents: rental application, acceptance letter, deposit receipt and deposit to hold, denial letter and adverse action letter, lease agreement, rules and regulations, pet addendum, move in and move out checklist, lead-based paint pamphlet, and disclosure and certification, other state required forms, legal notice to pay or vacate, legal notice to comply with lease, notice to enter property, move out instructions, disposition of deposits⦿ Create a policy binder: company mission and values, company managers/owners/employees, telephone standards (hours, expectations, etc), list of all properties, addresses, mortgage companies, and insurance companies, the application process, minimum standards for tenant approval, tenant screening process, rental collection practices, rent extension process and late fees, security deposit process, basic lease terms, pet policy, smoking policy, vacating tenant process, turnover process⦿ Get to know the neighbors⦿ Set up bookkeepingFair Housing Laws⦿ Simply asking the age of children can get you into hot water when screening for or renting out a property.

Once you’ve got the basics down, start running real numbers in different markets to see what kind of cash flow and returns each area offers.

In the "sell or keep" spreadsheet from BiggerPockets, its basically a wash, unless you just take the proceeds and put it in VTI, in which case it's a big win.