Both acquired pre-2013. 

Possibly incorporate a business.

You will want to, at a minimum, conduct pre-move-in, mid-term, and move-out inspections.

Adds theses items to your pre purchase check list!

Option 1:30 Year FixedLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.225Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $2,018.76Broker Fee % 1.25Cash From Borrower $78,081.01Option 2:5/6 ARMLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.025Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $1,990.40Broker Fee % 1.25Cash From Borrower $78,052.65@Ryan Jacques  Assuming you are not a first time home buyer or first time investor you should be able to better on rate with ZERO pre-payment penalty on a DSCR loan for the 30 year fixed.

What are the pre-reqs of BRRRR / house flip? 

Our building cost went up 80% from pre covid.

Part of my pre-approval process is to scrub the borrower's bank statements for these and find out up front what they are for proper DTI calculation - I almost had a file fall apart last year because of Affirm. 

Market research, getting pre-qualified, and walking properties gets you there.

Homeowners that are on any kind of list (pre-foreclosure, absentee, divorce, tax etc). receive 10-20 mailings a month and triple the amount of calls (if the number is listed).