Once you have strong prospects, initiate the refinance application and coordinate the closing as close to the target acquisition as possible.

***Fake mortgages are being filed against properties in Cleveland and they are targeting out of state investors.

Who is your target tenant?  

I’m not sure your cash reserves but targeting 2020 to 2022 is the best strategy because there’s likely 0 equity in those and they typically haven’t appreciated enough to have to finance a second line of credit.  

On paper I'm ready - I have the money, I've done the research, I have well-defined property/neighborhood criteriaI, I have an agent, contractor, property manager, lender, etc.I'm targeting off market deals with light value add potential in an area with high appreciation potential.

This is because instead of developing the highly targeted profitable sales, you’re spending your time servicing the marginal.

I have heard the target is at least 400-500 per month net positive cash flow based on 20% down.

Transforming SFHs into multi-units and targeting 2-4 units for value-add potential is a smart way to build your portfolio, especially if your goal is to qualify for larger loans down the line.If you're aiming to hit the 5-unit mark and unlock better financing options, here's something to consider:Leveraging BRRRR Strategy: You’re already thinking about the refi route, which is key.

CHA even pays more for "targeted" areas. 

Do I target a duplex/triplex or a SFH?