I've got a few tips- like any other business, this is a relationship based thing.

Hi @zeeshan -  would love any tips you can share!

It's a process that takes time and experience:#1 Read the Book on Estimating Rehab CostsJ Scott discusses the fundamentals of budgeting and pricing rehab costs and reveals the steps, tips, and tricks he uses to accurately estimate costs for 25 common trade categories and hundreds of repairs. #2 Walk Through Distressed Properties and Spy on the CompetitionWalk through a couple of rehabs that a local real estate investor has completed in your local market and study the types of repairs they made and the level of finishes they installed in the property.Spying on the competition and understanding what buyers are looking for will help you determine what type of repairs and level of finishes you need to install in your own properties.#3 Explore Lowes and Home Depot to Learn About Material PricingWalkthrough through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.

Try shopping the umbrella separately.

Does anyone have any tips?

We are in an older neighborhood just a short walk to State Street (downtown area on the TN/VA border) with shops, dining, bars, Birthplace of Country music, festivals, etc.

That’s a $40K fee, and unless the deal is especially complex or the lender’s doing something unusual, that’s above market.In most cases:DSCR origination fees fall in the 1–1.5% range, especially on anything above $1MOn larger portfolio deals, there’s usually some room to negotiateA lot of DSCR lenders already build margin into the rate, so adding a full 2% on top is something worth questioningWith 20% down, a solid appraisal, and everything moving smoothly, you’ve got a strong file — and definitely enough leverage to shop this around or push back.If you want a second look, I’d be happy to run numbers and show you how this could be structured with less in fees and potentially a better rate.

Here are a few tips to help you streamline the process:- Double-check local building codes early- Prepare clear 2D and 3D plans for submissions- Communicate early with city planners to avoid surprisesFeel free to ask me questions about permits, drawings, or how to avoid common pitfalls.

Any tips or insights about other locations will be greatly appreciated. 

We have updated kitchens, remodeled bathrooms, painted, flooring- it’s a great house on a safe block near a park and shopping/restaurants in Dundalk, MD  Is this all a normal part of renting a property or do I need to be more aggressive with my marketing or following up on the screeners?