A good approach is to set aside an additional 5%–10% of gross rent for CapEx, depending on the property’s condition and renovation quality.While turnkey companies often provide attractive numbers, it’s important to remember their goal is to sell properties.

Hi @Leonard La Rocca III welcome to BPWith a goal to house hack your option will be much better and tremendously more favorable.1. $50k gets you the house but leaves you very little room for value add. 

I'd love to give you some insight into what the Memphis market might have to offer you depending on your goals. 

The goal is legitimate: due to complex tax rules, you have opportunities to game the system by selling some of your investments and intentionally generating either gains or losses.

Anyone thinking they should also get interest is just really fooling themselves at this point to get capital back would be the goal at least it would be for me.

Remember, buying a property is a financial decision that should align with your long-term goals and comfort.If the new lender offers a better rate and lower monthly payment, it’s reasonable to consider that option.

Here’s how I’d approach it:For the 9.5% Loan: Refinancing into a DSCR loan makes sense to lock in a lower fixed rate, especially if your goal is stability and better cash flow.For the 7.25% Loan: If the local bank's investment HELOC offers a competitive rate, consider it for flexibility.

It all really comes down to what your investment goals are.

Good Day BP Community, Along with my investment goals for 2025, I have a goal to scroll less and consume more meaningful content.

They were adamant about understanding my goals and situation to ensure I was matched with a property that made sense for me personally.