@Ryan Moore Speaking purely from a conforming loan perspective, it is definitely doable.

10k sounds right on the money for a 1600 square foot house HVAC + Roof (4000 for a 4 ton unit 6000 for roof)Paint would be around 4k, kitchen around 7k, 2 bathrooms 5k, flooring 5k, fixtures/demo/lighting/etc another 5kYou're more like 35k for rehab unless he's literally doing everything himself to save on labor costs75k + 35k rehab = 110k all in / 140k = 78% ARV minus repairs dealIf it were in Phoenix and you had solid comps in a conforming neighborhood I think it would be a good deal.

My wife and I are considering moving into a 2-4 family property in an expensive market.  We are looking at properties between $1 - $1.5M, but we are likely going to fall just short of 20% down.  Are there any financin...

Regardless of what loan type - FHA, VA, conforming, jumbo, all underwriters look at the other home you have and whether or not it was owner occupied.

I am looking at a property that has a single family home and a secondary building that was used by the current owner for his business.  The property is zoned B1 which allows for the owner to reside there.The problem i...

If you are planning to use Fannie/Freddie loans for your next residsntial property (which are the best finacing vehicles upto 10 loans for single and 20 for married couple) no lender will allow you to close and take the title in the name of an LLC.Only commercial loans or private money and a few other types can be closed in the name of LLC but not for Fannie/Freddie reaidential conforming loans.People take the title in their own name, setup a single member LLC and then transfer the title into the LLC

The constraint for a VA loan is the conforming loan amount in a county.

@Betty Cruz You want the house to be zoned as a duplex so it is considered a conforming property by lenders and thus get a 30 yr fannie mar loan. 

Greg, if your family dynamic allows it, you can find a cash flowing deal and you're up to the task of being an effective landlord, then think about small MF. https://www.fhfa.gov/DataTools/Downloads/Documents/Conforming-Loan-Limits/FullCountyLoanLimitList2018_HERA-BASED_FINAL_FLAT.PDFProst!

If someone buys an old house that doesn't conform to current zoning setbacks, they don't make them move the house.