A property that needs little or no renovations would be ideal for our first property.I am wondering if you guys have any more insight into specific areas that are good to invest in?

I bought my first 2 flat in Chicago in 2022 a 203k fha renovation loan, moved in early 2024.

Since you mentioned MF, a guy reached out yesterday with his off market, fully renovated, 14 unit in Akron.

There's very little inventory in my area right now, and honestly after a decade of renovations I need a break anyway.

We're renovating 6 properties right now.

Also, how were you doing renovations before closing? 

This credit can go up to 30 years.An alternative to refinancing is to take out a loan for purchase and renovation, which requires a 30% down payment.

Have bought, renovated, refinanced and sold rentals in my portfolio.Besides monthly cashflow, you can cashout refi every 5-10 years or when increasing rents support the ability to do so. 

what is the best way to fund renovations on a flip project (other than cash)hard money lender, line of credits, credit cards?

It's an active business, not passive so I believe that requires continually evaluating the property, adjustments to decor, etc may be needed as well to make sure I'm fully optimizing the property.I have a lot of home renovation experience from my own personal home and my LTR's already so I'm very used to this kind of work.