I originally considered a house hack in CA, but then dropped it, I didn't think about that strategy tho!

Update to this post:  Tony Viola was exonerated and never originated mortgages. 

In many of the western states, the Feds own 60-80% of the total land.But in answer to the original question, I don't see it helping, we don't need housing where most Fed land is.....

Originally posted by @David Thompson:Life happens for you not to you. 

I now track my final sales cost against my original estimated ARV against what the best/closest comp was when I first did my ARVs. 

In the DSCR space, every 1% you paid in origination, brought the rate down by half-a-percent (with most lenders).

The loan will be originated to the LLC (entity) as the borrower and the property (being transferred to the LLC) will be the collateral.You can choose to refi the properties individually or in a loan tape (portfolio), however when in a portfolio the properties need to all be owned by the same LLC, and the lender may require that they also be all in the same state.

Most important will be your 401k sharing in the income and expenses pro rata according to the original investment breakdown.  

Purchase price: $40,000 Cash invested: $40,000 Sale price: $118,000 House flip that was originally going to be a long term rental.

@Maria WalshHi Maria,To your original questions, whether condo or SFH, you will not have a problem finding tenants, particularly in the winter months.