Other health care professionals include radiology, occupational and physical therapy, surgeons, anesthesiologists, rehabilitation, respiratory therapists - essentially almost any health care profession.

If I really had my druthers, I would love to eventually move into rehabilitating old historic properties.

Value-add requires at least 15% down: "Maximum loan-to-purchase (LTPP) / loan-to-value (LTV) ratio: 85%o Minimum amortizing debt service coverage (DCR) ratios: 1.10x – 1.15x depending on market""Eligible Sponsors:Developers/operators with experience in multifamily property rehabilitation and in the local market with sufficient financial capacity" and Moderate Rehab requires 20%:"Loan-to-value (LTV) ratio:o Fund up to 80% of the as-is value, supported by the property acquisition price if applicableo Periodic draws of unfunded loan proceeds (as opposed to an escrow) to reimburse the sponsor for up to 80% of the renovation costs on a monthly or quarterly basis, as work is completed, similar to construction financingo Appraisal must demonstrate 75% as improved LTV (with fully funded renovation proceeds)""Eligible Sponsors:Experienced and well-capitalized sponsors who have successfully completed rehabilitation projects of similar scope and who are familiar with the Freddie Mac loan process"You're not likely going to be able to finance the additional amounts, most lenders will require first position. 

wThe simple version is I look for distressed properties that I can add value by rehabilitating, raising rents and then refinance to get my total investment out at 80% of value or less. 

For my first flip I would like to do a partnership with an investor and focus on just the rehabilitation.

This letter contains instructions on:- how to remit rent;- when late fees and notices to vacate are assessed / field in the case of delinquent rent;- A page of contact numbers (ours, plumber, electrician, etc) and e-mail addresses;- An outline of any near term renovation / rehabilitation plans for the property;- A form for the tenant to list defects, maintenance needs of their unit;

Using a Wells Fargo Rehabilitation loan for the $46k purchase price and $45k in repairs, cash out refi as soon as possible.

Something to keep in mind is you'll need to live somewhere, therefore you may as well own where you live and force appreciation through rehabilitation while you are there.

You have been facing challenges with your condo investment in Hollywood, Florida due to difficulties in finding reliable contractors to perform the necessary rehabilitation work.

I think some experience doing value-add rehabilitation and studying the economics of grip it flip it ops (if that’s your plan) is in your best interest.