Another issue I see with older homes is the layout and functionality is tough to manipulate even during a full gut.

Quote from @Zachary Deal: One thing to keep in mind if you are doing this is that you are likely to create "functional obsolescence" which could mean you are not able to get a new loan against your property and it can be difficult to resell as well. 

Secondly, the appraisal often notes functional obsolescence because of this and a lack of a common area.

Lender Recommendations: Are there specific lenders or programs that work well with investors focused on multiple BRRRR deals annually?

This criteria is for 1-4 and 5-8 unit programs.

OK Thanks Chad.. yes now that you clarify that and I also work in the low value asset sand box but only to Investors who have money to turn them around I would never count on those owner occ's to cure at least at any large % to easy to  walk  and the properties as you mentioned many will be functionally obsolete and economically obsolete so they turn into your basic zombie house that local wholesalers go for ..

Me and my girlfriend are currently saving to purchase a home within the next year or so to start house hacking, my concern is how signing the lease option to purchase contract will affect our eligibility for first time home buyer programs? 

Investment product marketers who claim to be GPs, GPs who claim “ownership”, insurance salesman who claim to be “financial advisors”, people who attended an executive training program claiming to have an MBA, what ever happened to honesty?  

Often low down payment/no PMI programs have those costs built in elsewhere in the loan. 

There are some important factors that you need to take note of with regards to the 1031 exchange or the Tax-deferred exchange: •One important requirement you need to have if are an investor and you want to take advantage of this 1031 Exchange is that the property you are selling should be significant when it comes to trade or business functions that are beneficial for the people as well as for the government.