15year fixed rate loan How did you add value to the deal?

I'm a local youth pastor in MN and I'm looking into getting started in real estate so that I can provide extra income for my growing family.

You could house hack by purchasing a small multifamily with an FHA or conventional loan, reducing your living expenses while building equity.

Rates tend to be 25 to 50 basis points above commercial (5+ unit) apartment building loans, and 50-100 basis points above residential (1-4 unit) loans.

construction loan How did you add value to the deal?

If you’re paying off less than $800/mo on your loan id say sell come April selling season.

I am curious to see how it goes and will provide an update when it's completed. 

Unfortunately, I think you should eat the cost on this.If you have a door that can lock, you should provide the key.

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

I assume you’ve got a loan that says you will be living there.