They used to talk about the 2% rule, which was basically a ruse to get you to buy in the absolutely worst part of town where you got 2% on paper and only on paper.

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

On some properties (newer) a 40% op ex ratio may be better on other (older) perhaps a 55% to 70% op ex ratio is better. 2.

Friends wanted to rent it and so we did and they always paid on time.

Are we talking posh along "lake formerly known as Calhoun" property or an off Broadway "strap on the flak jacket" sec8 property? 

Focus on undervalued properties, prioritize high-ROI renovations, and refinance to pull equity for future deals while maintaining 20-25% equity.

You can even do it on paper if you don't want to pay a few bucks for the business version of TurboTax.That said, I hope your intention to run your flips through a C-corp has been discussed with your CPA.

You may do some research on what life is like on both ends and make a decision from there. 

Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using cash that is currently sitting in a high yield savings account to funds from a HELOC on one of my properties.

However, you should be able to pass through the income / expenses / appreciation to your personal taxes.I'd hop on a call with a mortgage broker that does conventional and DSCR products - they will be able to answer your questions better than anyone.