Determined by dividing the sum of purchase price + closing (acquisition) costs by market value, a $100k ARV property purchased for $40k with rehab costs of $20k was acquired at about 60% of ARV......($40 + $20k = $60k) / $100k ARV = an acquisition at 60% of ARV)Recently, a beginner investor posted a need for 100% financing on a "75% ARV" investment opportunity, usually a viable candidate for private or hard money lending, with anything below 70% being better.

Once you moved into the house-hack and located a tenant/tenants,  you can use your $50k to acquire another 2-4 unit at 25% down.

There are also other ways to acquire properties as well (e.g. owner financing, partnering, etc.).

Private lenders would be your best bet...but your play on the rental would be a cash-out re-fi more than likely...I really don't like the concept of assigning debt to your holdings just to buy more properties...your one rental paid off entirely will cash flow more than the next 5 you acquire with debt. 

You can even get investor loans on 1-4 unit properties that do not factor in your income, only the debt service coverage on the property you are acquiring.

It depends on what you want to do with it once you acquire it.

The buyer made it clear she wanted to refinance it in a year once she improved some credit and could acquire an FHA, which I was fine with.

People on BP often talk about leveraging debt to acquire more properties, I'm leveraging all of these benefits that my employer is offering to help me meet my goals faster, I use RE as one of several types of income streams in my overall portfolio.

I am a real estate agent and own 15 rentals myself in Columbus, all of which I’ve acquired through the BRRRR strategy.

I have two rentals and am about to acquire my third.