That's why for deals like this, you will see people utilize bridge loans where they will lend up to 75% LTV and fund capex potentially because the property has problems and they are looking more at the future value and operations.

How much money do you plan to generate from this rental and do you plan to get more in the future?

I do intend to keep saving a little on the side for another future purchase but realistically don't see that happening till maybe January? 

Between the walls where spirits dwell,I offer choices none can tell.To dwell today and own tomorrow,A future free from spectral sorrow.A chance to claim the haunted keep,What hidden pact do mortals reap?"

Make sure that this won't put your future buyer in hot water with the VA or his lender. 

Unless there is drastic reform, I don't see there being much improvement in the short term or near future for the tougher parts of Kensington.

I know that I can keep going as an owner builder, but I also want to build new construction commercial properties, as well as having the GC license for credibility when working with other investors in the future. 

Yes, Get an application from each future resident age 18 and older.

There are probably many posts that contain similar information to this one, but I thought it would be of value to future and existing investors who are starting their journey.We recently completed rehabbing a duplex we bought for $93k and rehabbed for $75k (in retrospect, we could've negotiated a lower price 🤷‍♂️ - discussion for a different post), hitting an ARV of $190k when our target ARV was $170k.Two things that stood out for me that helped us secure a higher ARV that anyone can use in their next BRRRR were:1) Fix the property to be in the top 75th percentile -> To improve our success rate, we consulted with both our agent and our PMC on what kind of materials and finishes the best properties (highest ARV Comps and Rent Rates) had in the area.

Others may find this post in the future and want to learn about your experience!