We have discussed the possibility of finding a deal on a single family home and upgrading it.

Since this isn’t a “fixer,” and you’re going the FHA route, you’d have to go out-of-pocket for the remodel/upgrades or get a construction loan based off the ARV, which is generally going to require 25-30% down unless you go with private money, which will have much higher interest.I see it’s pending, so maybe you got it under contract, but if not, I know you can find a good deal out there, even if it’s a smaller starting point.

Great work on utilizing a 1031 exchange to upgrade your portfolio.

Tampa stands out with diverse neighborhoods ripe for smart upgrades and Florida's investor-friendly laws.

Upgraded windows, landscape work and made two separate dwelling units.

I wasn't looking for dead end street properties consciously but that's what I end up buying each time without realizing the pattern until now, weird.

If the borrower is very liquid and they are rate-conscious, typically borrower paid comp is a better option.

Caveat: I will be doing upgrades, etc throughout the years to justify the increases. 

Paint, flooring, and upgrades.

@Varouj Asdourian upgrade to BP Pro membership for free access to RentRedi software