I can't speak for this deal in particular, but you'll always pay more for turnkeys-- trade-off for not having to do any work.The only thing I see in the deal is Norada didn't include estimates for vacancy and repairs, and I would never analyze a deal without including those.

For a second I though you posted "from newbie AI" instead of "from newbie Al" and was like oh lord, the computers are introducing themselves now? 

Some loans work the same as for the first and other time buyers.Midwest looks cheaper to start for sure but there's always a trade off.

(heloc or refi)I am an engineer by trade, and own my own comapny (AHAE Designs Inc).

How would the tax computation work out on a 30 year note?

It took me (who is a coffee addict and very quick with the computer) 9 hours to review 1,000 homes for physical distress.

My goal is just not to need to and it’s very rare that I ever do anymore now that I’ve traded all of my properties in bad locations for ones in good locations, so I don’t even think about it.

Since you have your GC license, I would get the trades together and start building houses.

. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.

@Justin Whitfield I’d first forget about FiRE status - it doesn’t really exist without large trade offs that you’re likely not willing to make.