Close friends?

I am looking to partner with a close friend of mine (we've worked together many times before with both of us in various roles) to primarily do rehabs for LTR and/or resale.

Account for all costs, including closing fees, holding costs, and repairs.

@John Friendas  it's close to the 1% rule which is good, but I would still run the financials on it. 

I'm offering $115K cash and can close as fast at the inspections and title work can be done. 

I ended up closing on a duplex house this week with the intent to rehab the whole place.

DSCR or Fannie/Freddie loans can go up to 75% on single family homes, multi family homes (2-4 unit) max at 70% if you stick with Fannie/Freddie.Other things to consider would be:Paying points for a lower rate vs higher rate with no pointsIf going DSCR - Prepayment penalty term (0-5 years)The lower the loan size ($200-250k and lower), you should consider paying up to 2 points and doing a 5 year prepayment penalty if going DSCR.

I have focused my research on house hacking due to the lower upfront capital requirements with an FHA loan.

I prefer to stay further from the coast and hopefully further from major storm/flooding events (potentially lower insurance costs).  

Account Closed our world is trending to more & more "immediate gratification".Self-showings are the result of this and owners squeezing PMC's profits to nothing.Regarding the PMA, ours is pretty long to cover everything we can realistically think of - yet, many owners freak out about it and hire a PMC with a shorter contract.How would you be reacting right now if someone had broke into your property and stole these things?