@Troy ParkerCongratulations on the renovations and your new job opportunity!

If you're looking to use 50% of loan for renovation costs, you would use a Hard Money Loan then, after renovations, refinance into a DSCR loan. 

You house/property will not sell for as much due to that..

These are properties publicly listed with photos, etc.

@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

First, all properties that appreciate the appreciation is based on the property value, not the equity. 

@Timothy Finney yeah it was a huge renovation.

So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity. Purchased at 211k . We have an opportunity coming up from a family member who is willing to sell us my childhood home for w...

Here are some key takeaways from our experience flipping homes and running a renovation business in San Diego.1.

I would designing, renovating and managing the property.