RE is a get rich slow game and there are increasing number of people talking about how difficult it is to retire from your day job even with large numbers of rentals because cash flow is thin.On the one hand there is the Small But Mighty portfolio mentality which I believe is a book in the BP store by Chad Carson.

As I was inputting the properties, I noticed that Stessa does not support Portfolio loans (https://support.stessa.com/en/articles/2423581-mortgages-loa...)This will become very difficult to keep track going forward.

While deals under 80k can be difficult to find, they are out there.

Even though the numbers may be different or some strategies may be more difficult to execute today it is still great to learn what options are out there.

If you were to seek a LOC against #3, you would not get much as an investment property its very difficult to get a LOC and they typically will not go above 75-80% LTV which is where you are at.2.

Once you do this conversion it will be difficult to change it back to a traditional long-term rental. 

Both lead to that buyer overpaying and taking an opportunity off the board for the investors who have their underwriting completed accurately.I believe its somewhat market dependent but it has become increasingly difficult to make construction oriented deals work in the price points you mentioned.

@Jeremy HartwigYou are missing a lot of important data, such as median income of the area, rent comps in the area, what current values are.You are buying on actuals, but in many markets that have low supply and have a lot of demand, it makes it difficult buy based on actuals.

Many, make it difficult to not show pass-thrus on Owner Statements. 

Hans - trying to find a perfect BRRRR in B class that cashflows well as an LTR right now is incredibly difficult with interest rates.