It will depend on Lender if they take Rents from Appraisal (1025) or Rents from your existing Tenants.

Yep my dad was doing it in the early 2000's too and was telling me about it way before BP even existed.

I would anticipate a semi-guaranteed government run insurance program, similar to the national flood insurance program of some sort and perhaps connected to an existing department of housing program to manifest.

You should be able to go as low as 10-15% down payment with your experience.Ground up Financing: Most "ground up" financing options require a bit of experience - 3-5 exists (rehabbed & sold or rehabbed & refinanced in the last 3 years).

➡️Manage existing portfolios.

Yes, sewer clean outs are required on new construction, but on a 1947 rehab house that didn’t have existing clean outs, is it really possible that I can be required to install them?

Leveraging existing equity is a solid strategy, but as you pointed out, the numbers have to work.

If the pipes haven't cracked, a plumber can usually re-line the existing pipes.

I'm unsure if that rule still exists, but it’s clear they want dialog.And yes, @Scott Mac and @Joe S., I fully agree with your comments about appreciation.

Quote from @Jay Hinrichs: Quote from @Chris Mason: Indoor shopping malls as they existed in the 1990s are dying, but retail is not.