I'm using my VA loan so I don't have to put any money down & can keep money in my account to fund rehab deals. 

If you need 10 minimum and have to hold those non-paying tenants until you get 10, what does that cost you in your financial model?

They have no credit history, so you have no idea how responsible they are financially.

@Paola Astrid, if so be the case, refi to a conventional investment loan. 

For example because New York is a generally more expenisve market, you have larger loan buy downs, bigger dollar appreciation, etc.

I have a renter in there now and am wondering if a cost-seg makes sense to do financially as I am planning to keep the place for 10+ years. 

Partner Driven provided the full financial backing for the purchase and renovations, totaling $113,500.

@Ezra Avery you might want to read below to understand Classes of Property/Tenants.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Questions Regarding Property Registration Restrictions in a Joint Venture Model:Are there any restrictions when attempting to change the property registration with the county (through the title company) if the property has an active Hard Money Loan or DSCR Loan?

@Edward Heath you'll want to check the requirements for the $12.5k loan.