Would you rather set it and forget it and not need to refi again or rather take advantage of low/no closing costs on this loan and plan to be more aggressive on your rate at the time of your refi?

Even with renovation costs and insurance costs the fix n flips are still making money.  

You can purchase this with a low-money-down FHA loan. 

With closing costs, housing costs, agent commissions, my HELOC costs, I estimated about $20-$30k profit, depending on sale price.But, now I am thinking this would be a great BRRRR to learn those ropes as well!

Bank Recommendations:Chase and Bank of America are popular because of their extensive business banking features and integrations with bookkeeping tools.Smaller community banks or credit unions can offer more personalized service and lower fees, but make sure they support series LLCs.Online banks like Novo or Mercury are great for tech-savvy users who want low fees and easy online management.What to Watch Out For:Hidden fees for transactions or deposits.Limitations on the number of accounts or ACH payments.Difficulty in maintaining clear separation between the series, which could risk the limited liability protection of your LLC.Since you’re using a Series LLC structure, it’s crucial to keep each property’s finances completely separate to maintain liability protection.

It also saves you some costs, which is helpful when you’re just starting.

Yes we avoid custom work to help keep cost down. 

•Not necessarily, but renters might hesitate if flood insurance is high and that cost is factored into rent.

They can take a 7% cash on cash for high quality commercial and with pay down and other drivers be in double digit returns on larger properties.Please folks do not be drawn in to buying these what appears to be low cost junker type properties that you think you will fix up and get this windfall of ongoing cash flow and equity on the resale from.

I will use a lower-cost QBO alternative, like Xero.