In options there are also complicated variables like time decay and implied volatility that will effect the effectiveness of your hedge.

You have a lot of variables.

You then need to weigh that up with the variables that only locals would know: location, potential tenants for the area, potential job growth/contraction etc.AndrewP.S There are hundreds of threads showing the 2 quick guidelines for analysis.

@Bret Nida , you might not get many answers because you have not provided the right information or asked the right questions.There are a huge numbers of variables such as how much cash you have available, will you be borrowing the rehab money, what is the property worth right now, how long will the rehab take, etc.

So many variables in your question.

Since November, we've employed the DM campaign method with repeat letters (variable content of course) to the same list over a six month period.

I must admit that there are a bunch of variables and it is hard for me to tease this apart.

There's just so many variables: the market, your longterm goals, what other capital you have available, not to mention whatever else is going on in your life.

Lots of variables.

BTW: You should be able to secure residential mortgages (1-4 unit properties) from any of the Big 5 banks for <=3.0% for a 5-year term, variable rate mortgage on a 25-30 year amortization.