Also in the current environment, a lot of banks are tightening up lending right now so it might be tougher than say a couple years ago to get this type of financing.Here is a good breakdown of Multifamily DSCR Loans vs. traditional CRE Multifamily Loanshttps://www.biggerpockets.com/...Also, I recommend BP's Find a Lender tool as well for searching out and shopping lenders!

After that, the ONLY way the price can change is if he provides you with a Change Order and you sign it and pay for it.There is no such thing as 'updated estimates'....the price he stated in the original proposal is the price he must legally do the work for...unless you request a change, or he runs across something like rotten framing in the wall....What does your Contract say? A

If someone doesn't email me within I'd say a day of the showing, I throw them out.

If you do some kind of BRRR strategy (Buy/Rehab/Rent/Refinance), I would say a HELOC would be a better option.

@Andrew Johnson I hear what you mean when you say " a lot of bad data"  I say same town because this is a small town with very few sales that could be considered comps. 

When considering transfer tax (usually $5 per thousand in most suburbs) , 3% closing cost credit (on sale, to end buyer), county and state transfer tax, and title policy (on a sliding scale based on home worth) all of these things would be lower on say, a $60k all in deal in this town, as opposed to a $600k deal on the north side, just simple math.

Also, look at what a contractor is doing in a home, say a painter or finish carpenter.   

This may throw a wrinkle in the conversation, but what if you own an investment property that's been rented for years, say a run down duplex.  

I understand that a stove is against code, but they also say a hot plate is against code as is any sort of kitchenette, and that the only way to legally have an income-producing basement in a SFH is to make it a short-term rental like Airbnb which we do not want to do.

In terms of cost say a basic HOA can run up to a couple hundred a month.