I recently backed out of a deal out in Harrisburg due to being in flood zone, I was informed by my realtor that it costs $1800/yr flood insurance policy alone.

@Loren Souers I'd have to run the specific scenarios with the rates and fees, but if you're OK with paying the higher closing costs, the Mortgage 1 deal looks good, particularly if you focus on CoC returns.

We're stuck, cost us too much to cancel at this point but know that we will NOT renew anything and have multiple reminders so we get the cancellation notice in on time.

However, I still struggle to understand the art of estimating rehab costs. 

I'm curious as to what cosmetic rehab you have to do that costs $27K? 

I have a confession: my only duplex, which I gave owned now for 2 years and recently moved out of from a house hack, has proven to cost me more to maintain/pay taxes/repair/fix etc to the point where my cash flow is close to zero.

He owns an asset that is worth (low-end) $300k that generates 2300/month (after all costs).

To simplify the scenario I'm envisioning let me put it this way: what does a BRRRR look like when one of the parties contributing to the down payment and rehab costs ultimately ends up being the renter as well?

Invest in Fix-and-Flip Properties:Use the $50K as a down payment or cover acquisition costs for a non-recourse loan (required for SDIRAs).

While the borrowing costs are higher, I’m exploring strategies where the returns could offset this.