Since you put 5% down and the appraisal came in at $160K, your available equity might be limited since banks usually cap HELOCs at around 80-90% loan-to-value (LTV).

Criteria: good cap rate, A-C neighborhood, cosmetic rehab. 

If you don't like Dave Ramsey then we can look at Big Bang Theory where Penny borrowed money from Sheldon and even though he didn't care about what she was spending or when she would be paying him back, every time he said anything she thought he was grilling her about that. 

This will perform as a true 8% cap fully leased.7200 Germantown Avenue: Listed for $2.15M.

As I run my numbers just the the market rents on the 6 unit alone if it were to sell at a 6% cap once stabilized would achieve a price of 1.9million.

However, they will not let strong DSCR drive them beyond their typical LTV caps. 

Your ability to turn around a property with an 11% cap rate is a pretty strong selling point.

There's a 38 unit fully renovated likely willing to sell at over a 7 cap.

There's nothing wrong with considering them along with other options, but I would be careful thinking they will get you more bang for your buck or a more honest operator.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

Like any tool, you have to know how to use it correctly or you could get, "injured".We use it to quickly sift through multiple options - and that's about it.BP has a Rental Calculator that includeds everything you are asking about: mortgage P&I, property taqxes, home insurance and percentage for maintenance & vacancy.It also includes Cap-Ex percentage, but in our experience it's a waste of time to worry about this.