Using $230k at 75% gives me a loan amount of $161k which should cover purchase and rehab costs for interior remodel.

North of town, west of I-5: 95219 Brookside (high end gated communities; Mello Roos school taxes - so high taxes; Lincoln School District; some peat dirt problems on streets; don't know about foundations); Spanos Park West (some gated; lots of huge houses; basically built for commuters just west of I-5; Lodi School District) North of town, east of I-5: 95209 Spanos Park East, Colonial Heights (most Lodi Unified Schools; though small pocket of Lincoln Unified) North of town, east of I-5: 95207 Parkwoods and Lincoln Village (Lincoln Unified Schools; was considered best family area due to Lincoln Schools, but lots of flat tops and built since the 1950s so electrical can be kind of minimal - 1 outlet in kitchen instead of enough to use multiple appliances); lot of remodeling in this area.

@Craig J Chelette it's hard but not impossible :) I just closed on a duplex in June for 300k (in Provo) , put 10% down with no PMI.mortgage, taxes and insurance $16073% vacancy (vacancy is almost nonexistent in Provo but I wanted to be conservative) $695% repairs (bought the home with everything remodeled) $1158% cap ex $184I did not include PM because I will be managing it myself BUT every property from here on out that I analyze will include 9% PM.$50 other expenses (google fiber)gross monthly rent $2300 (1400 up and 900 down)cash flow $274.39 with a CoC return of 9.27%My realtor found it on KSL - it wasn't even listed on the MLS.  

Acquired on the market, this 4-unit rental needed a full remodel, creating a perfect BRRRR opportunity.

I am a residential remodeling contractor by trade with a solid understanding of the rehab process and a network of laborers and subcontractors that I can rely on, and thus plan on managing this first rehab myself. 

On the remodels I've done, Nash Industries has always done a good job and are reasonably priced. 

I have a few critical questions:1- Do I need permit for kitchen and bathroom remodeling (which includes changing the layout within its boundaries without expanding it)?

Do you get involved in property remodeling and maintenance, track your expenses, and maximize your deductions?

While you maybe flipping, I guess I don't jump to seeing this as a new "world" any different than a homeowner wanting to remodel their own home and having to buy their own insurance...If you have the time to do this, it lets you find and hopefully hold on to the "good" trades, the ones you like and get along with well. 

I do know permit costs on new construction is more expensive vs remodel.