Quote from @Zachary Ware: A PadSplit can be very heavy in CF but be careful if you are renovating a house and adding extra rooms.

Property was more disgusting than we anticipated and we had to put extra money into deeper cleaning.

This won’t work Longterm for the lower middle and lower income folks.  

Because interest rates are high right now it probably doesn’t make sense to pull extra cash just to stick it in a bank account.

Often times, I advise folks to start with HML or PML and the refi into a DSCR loan with a bank/CU when the property is stabilized.I am going to assume that a HML/PML loan would be at a higher cost/rate than a bank that would play ball, so I would prefer that if possible...

First, don't use REI Reply, it's just a white-labelled/private-agency version of GoHighLevel (the actual provider of the CRM) that they just mark up and charge you extra for everything you do (every text, email, etc is 2-10x more expensive than just linking twilio/mailgun to your GHL account, etc).With that out of the way, you can get to making workflows.

It ended up costing an extra ~$6k in closing costs but I think we did OK. 

Account ClosedEven with high interest rates, lots of folks investing or buying homes do well with FHA loans because of small down payments and good loan terms.

I have an underwriting sheet / video I provide as a resource to folks that goes through assumptions in the ATL - if you shoot me a DM I can get it over to you.

It’s worth the extra effort to protect your investment.