There are some additional things that could help determine which loan product is best for your situation.203k Best When:- Credit scores 680-720 or less- Renovation will improve the value of the home more than 75%- Renovations will be on or in the home - no new yard projects, only fixing existing- Higher Debt To Income (can get approval with up to 56.9% dti)HomeStyle Best When:- Purchase + Renovation costs will come in higher than FHA Limits- Home improvements will only improve vale 75% or less - 720+ credit or 20% down (of purchase price + reno cost) to avoid PMI- Exterior Projects (fence, hardscaping, pool, outdoor kitchen)- Lower Debt To Income (sometimes as high as 50%, many times between 45-50%)- Renovations that are greater than $35,000 (soon this will move up to $75,000)Happy to answer any other questions that you may have!

Estimate the sale price and collaborate with the exchange agent to determine the reinvestment amount.

This will give you an objective way to look at the situation & determine which is a better financial move.

What is the minimum CAP rate to consider for a good investment(single family, duplex (2-)4 units?

Hi Anya, I don't have a property in Mesa but would recommend checking out/posting on Furnished Finder, VRBO and Airbnb (30 + day stays), and Facebook groups to determine pricing and try and find MTR tenants.

Someone who is less risk averse may be willing to wait to see if rates drop more significantly and take the higher rate for now and refinance down the road but for the less risk averse, it's definitely a meaningful conversation and pretty easy to quantify by taking the cost and dividing it by the monthly payment savings to determine a "break even" period to see if that makes sense for the client.Curious to hear others' thoughts on this.

My questions are: How does an agent determine ARV?

I'm not sure how you determined that I only put 3.5% down; I put down 5%.

As others have said, the first step is determining whether you would like to be active or passive. 

@Beth Anderson always work backwards to determine a purchase price.ARV minus profit/equity minus Rehab+10-20% minus carrying costs = purchase offerThis is a simplified example, but demonstrates the concept.