The company that I've hired to do my direct mail does that very similar method with an envelope close to that size with a customized design on it.

Given need to (potentially) seek outside investment from family for conventional.I’ve heard FHA is tough in these popular areas due to more stringent inspections, longer time to close, and perceived higher risk of riskier buyer and deal falling through.

With the obvious downside that it is a more risky approach, especially if you are not familiar with remodeling, design, appraisals, remodel costs, holding costs etc. 

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

Here are my options as I see them.1) Build up a separate capex reserve fundI have about 13k in savings and 25k in Roth IRA funds which I can withdraw tax free as a backup, but maybe I should build up a separate capex account since I don't have a designated one.2) Purchase another 2-4 familyI could use my 25k Roth funds as down payment on a 5th property that cash flows around $500/month and look to do a BRRRR.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Over the years, I've gained invaluable insights from this incredible community, and I'm eager to contribute and give back.As the founder of Data Led Designs, I specialize in business intelligence and interior design, focusing on leveraging detailed data to inform STR investment decisions across the US.

It is easy to get distracted, but where you focus the most attention will get results. 5) It sounds like you want to live a life by design.

I also enjoy designing people's homes mainly friends and family and I love renovation projects! 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.