This would take a decent amount of investment to improve the kitchen and bathrooms.

I would do between 50-100% or original deposit amount. 

The loan amount is 150k let's say. 

Does being a first time investor change the amount of my required contribution? 

Or did you get approved for a certain amount before you went to auction?

These guys did this for over 20 years .. it was determined that they actually made less than 12 loans in the whole time bringing in Millions of dollars 10k at a time to small of an amount to sue over..

Some update about the lending requirement of my Chase loan program:Product:        DSCR > 1.2Borrower:     Net Worth > Loan Amount     FICO     Liquid Proof > 10% loan amount     DTI: They told me it is not important and don't mention about itIt looks like as long as DSCR of the product is used, it will likely borrower's DTI will not be used.

Because if you don't - the entire amount you pulled from the IRA will be taxable, plus penalties for premature distribution.

Ken, You're changing the subject to something neither of us ever discussed.The only thing you claimed was that having no-debt on a SFR property makes no sense, because of your theory that the government is going to be massively raising taxes on property owners to "oppressive" levels.

For argument sake, let's say there is such massive layoffs that in 1Q there is 10k homes put on market because of these in D.C..