So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.

I don’t know  the specific details of your situation, but there are other considerations and options as well.

Their customer service department is very responsive.When selling a service as taking care of everything and handling the complete process, this includes all forms, liabilities and considerations for that particular need.

After the purchase I use the money parter's money to fix up the property and I get rehab draws from the hard money lender to reimburse the money used for rehab.  

If someone is willing to live in and renovate the 2 of last 5 year capital gains exclusion is a significant consideration.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

I will take this into consideration and if possible I'll visit whenever I can.Also, thanks for the connection with Elenis, I will reach out and maybe we will work together.Do you have properties in the area?

It would take considerable manpower to show every rental and every lead for a large company.

You could potentially tap into your existing utilities but there are other considerations that might make it worth separate utility laterals and services. 

My favorite source is Navy Federal for its long draw period of 20 years, and Figure for its fast funding.