I’d rather double, triple or quadruple my cash flow by putting that equity to use and leveraging my way to wealth.

#McCormickI have some Youtube videos (link in my profile) that will help with some of your questions and I'd be happy to have a call to help walk you through the market and what you should consider when looking here.

CT isn't cheap so if you plan on doing it there you are going to surprised at how poorly you do. maybe in the suburbs I'm not sure but as much as I know people call us from CT and everyone is rich and has lots of money and things are expensive out there. build to rent is a great model. we build 3 story walk up infill and keep it to the residential side. 3 units is the most units before it's commercial and you need engineering, etc. check comparable and things liek that. we came up with this design a year ago and we sold 10 if you want to talk further please DM me happy to connect. there are some great build to rent conferences. we went vertical not horizontal with it to save on build costs and design to fit on any infill lot. this fits on a 3500 square foot lot. most lots in our area are 30x120 or 30x150. in miami where I live now they are 50x100 or so. but any infill lot we can pretty much get this one on. there are some great build to rent conferences coming up too that if you like this topic I'd recommend attending I'm sure you'd learn a lot.  

Given the current market, I'd be surprised if he can get a bank to lend 65%.

I’d love to connect with others who are house hacking or rehabbing in the area and share experiences.

I think you'll be hard pressed to get an ARV of $140k IMO...I'd expect something around $115k or lower.

IT looks beautiful, I can only imagine the satisfaction you must have felt putting on that final coat of paint and saying "finally". 

I'd expect and plan for this each year.

With a full gut like this, I’d rather overestimate than get caught off guard mid-project.

@Allison Cutlip I’d choose whatever account has the most flexibility and the least amount of fees.