43206, 43203, 43207, 43206 are the only 4 zips we are doing projects in. that's all new construction.

When doing business loan for 4+ units multifamily, my W2 can not be used to calculate DSCR.

In other words, you will be taxed twice on the money that you do take out essentially. 

@David Weitzel great deal, and welcome to the forumns, I love the idea of doing a flip on my own street, seems easier to keep things under wraps but perhaps you still had contractor issues it sounds like?

They were able to do a reverse 1031 exchange because they had the funds up front to execute the replacement property first, then sell the relinquished property.

Here are a few things I'm curious about:How do foreclosure auctions work in NYC?

I generally work with home owners looking for long term management, but I do work with a local broker with access to off-market deals, and he sees a lot of activity in the area.

You can do that in NC and you can do that in AZ.

I'd recommend this strategy for a new investor vs. doing a HML on your first deal. 

After that, I'd paint and put a new kitchen in (likely do these myself, which I have done before).