The family viewed the house, loved it, and requested that I install satellite TV and add it to the costs, which I did.

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

Can you give more details on your numbers, purchase prices, rehab costs, time to complete rehab, ARV, monthly rent?

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs. 

Was going for the best cost-of funds (lower rate)

Unless it's cost-prohibitive, I'd remove it for the same reasons people have stated: 1.

Sorry one additional item I hit post too soon...The reason I asked about TIA is because you generally want to get a contractors opinion of cost prior to lease during that negotiating phase so you know how much that TIA covers and what you'll be coming out of pocket for.  

@Julie Gates I wanted to recirculate this thread to see if you had any advice/tips on how you've been able to keep such a low eviction rate in the MTR space?

Hi Even,I don't know about DPA and Grants but I do have a great program with only 3 precent down and low interest rate.

Those costs are a lot higher than you might expect.