You can do less than 20% down (as low as 3.5-5%) if you intend to occupy the home for at least a year.2) There will be an HOA (homeowners association) which restricts rentals, so be sure to read the CC&Rs (governing documents) to ensure that your rental strategy is allowed, even if you intend to live there at first, eventually you'll be transitioning it to an investment property, so this will be important.

.📈 Interest Rates UpdateMortgage rates remained steady above 7% this week.For context:2017–2021 rates: 3.65%–4.87%Pre-pandemic average: 4.16%While today’s rates are higher, Las Vegas home prices continue to rise.

What drove you to do this project?

I'm starting with this initial SFH just to get my foot in the door, but really want to move to multi-family units.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

This is going to bring my mortgage payments to around $2.3k per month. 

I wonder whether expert can confirm this?

This post does not create a CPA-Client relationship.

Our Challenge is We’ve successfully completed 8 flips in 24 months and are ready to scale to 20-30 flips this year.

This will give you a baseline, I.e. own the Main St project same thing as this one, and it cost me all in $125,500 to do the full rehab.