Something to Rent and Hold, with some decent cash flow, low turnover, $150K max. I

Also FHA has the highest debt ratio allowed at 56.9% and FHA will also count your rents from the other units, helping your debt ratio.Fannie Mae and Freddie Mac will also count income at 1 year showing on a tax return but their debt ratio max. is 50%There are several programs in Non-QM loans, such as 12/24 month bank statement programs. you can also do a Asset depletion program that takes any liquid assets you have, divides it by 60 months to derive your monthly income.

The max is 90% now.This was addressed in VA Circular 26-19-05 if you want to check it out.TYFYS and best of luck!

At my max I had 10 separate units, and my life was a complete nightmare.

Hi Yiftach,If I were considering this, I'd come at it kind of backwards.Meaning I'd come up with a per door max I could spend in rehab and still hit my intended numbers.I'd also take into account the length of time each unit will be down (best and worst case scenario) and figure that into the numbers.Then I'd come up with a "Package" (how I want each unit to be to make it "Competitively rentable"), appliances, floor covering, faucets, doors, hardware, HVAC, modern required electric, etc... and Hard price that package for each unit, estimating the price increase over time as all units will not be done day one.Then get bids on the labor required to do the work.I'd split labor from parts so to speak, to control the parts purchases as much as possible because I know exactly what I want down to the part number.

Max is the admin of that group and is very successful in his own right and he has a YouTube channel with tons of info.

As of right now, I really can’t afford more than 100.  200 would be max.  I

Owning this as a landlord would be like a priest driving a Ferrari.

Due to liability concern, should I just refinance the house to cash out, such that if liability arise , max I lose the house with debt and llc?

builders charge 10 to 20% mark up would be normal and appropriate.. so  if he can build for 125 a foot your price whould be about 150 a foot max..  I