Also, VA loans allow for 100% financing with no PMI, and are more forgiving in low/moderate credit score scenarios.

At any rate, I will need to determine if I am OK with negative cash flow for likely 6-12 months before being able to raise to market rent(and even still may be near break-even or negative depending on expense/capex calculations).I will have to re-read your post a few times to make sure I comprehend it all.

@John SleggStarting with flipping in real estate might not be good idea in HCOL area where everything is expensive and you pay lot of taxes.

Purchase price: $720,000 Cash invested: $60,000 Househack/BRRRRR.Taking advantage of low 5% down Owner occupied conventional loan, then fixing up the units 1 or 2 at a time, raising the rents, and then refinancing to lower the monthly payment and increase cashflow. 1 full gut unit and others were more cosmetic turnovers.

Seems low to me. 

If the ACQ Strat is to finance, stay away from these low level price points on mixed use properties or anything 5+ MF for that matter

I've met some very highly specialized experts in low income tax credits, corporate accounting and tax, as well as tax resolution. 

This is not the cheap markets but the higher cost markets.This year I added a half bathroom out of existing space in a very expensive area. 

Mistakes in this business can be expensive, legally risky, and stressful, and I’ve seen too many people learn the hard way when they didn’t have the right knowledge or systems in place.If I came across as talking down to you, I truly apologize.

Experts/ Landlords,  Please what is your candid  advice Second  investment property for rental  to regular tenant ( or Section 8) Brand new single family home built in 2024  in Princeton TX 4bd 3 bathroom  with new refrigerator, washer and dryer  , i closed on the house last year September, I listed on Zillow before but the response was low , so i took it down .