Many lenders, including my group, offer a DSCR product to refinance on the back end as well.Before taking out a loan for a BRRRR project be sure to calculate all carrying costs (taxes, insurance, utilities, HOA, loan interest, etc.) to ensure (i) you have sufficient cash to cover monthly payments for at least the duration of the project and (ii) your estimated rent after repairs is at least 1.10x PITI (monthly refinance loan payment principal and interest, taxes and insurance).We have a proprietary BRRRR cash flow calculator tool that we share with our clients to help reliably assess costs and returns for these types of projects.

@Allison Keib, be "cautious" of new construction (ground up) for new homes or modulars for new investors.Ask your realtor if she had ever built ground up modular homes from beginning to the end before (entitlement, underground utilities, crane in units, rough hook up, final touch up, etc.)? 

Given all of my things, too many to list, I would be utilizing a registered agent.

Some of those variables are the size of the park, number of vacant spaces, the number and type of park amenities, the age of the park, underground infrastructure age and condition, park location, size of the market, city water or well, city sewer or septic, other utility sources and whether or not they are direct billed, deferred maintenance, cost of management, and more.

Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

I’m interested in how do we scale this single family unit into maybe a duplex or etc…We don’t utilize a PM since it’s only a single unit and it’s close to our primary residence. 

If you could renovate and split off an ADU or even apply to turn it into a duplex or triplex (although that will cost plenty of money with new kitchens, utilities, etc.) that could very well be worth it.

@Woralak Bryant, be careful about shutting off utilities.

Partner Driven financed the Hiawatha Way deal by utilizing internal capital resources.

How feasible is it to have an offer accepted utilizing seller financing for non-REO properties with the intention to flip?