This year I may see if if I can get a construction loan to build 20-30 apartments, then refinance with an asset based lender. what markets?

Unless there is an emergency situation, take a lot of photos and call your insurance agent before doing any repairs.

I know a lender that does 15% down on investment loans.

Purchase price: $240,000 Cash invested: $60,000 I purchased this duplex in distressed condition using owner financing for $240K and secured a $60K hard money loan for renovations.

Consult with a legal professional for guidance specific to your situation.

Yes I know about the VA loan (no down payment) and VA disability payments, more on that later.  

Hi Shayan,It definitely doesn't hurt to get another quote from a different GC for sanity check.DSCR loans won't work if the property is not rental condition and it won't fund any of your rehab budget.

Be sure your lender is comfortable with this, as many fear giving folks primary loans for properties they view as having a high probability of being turned into a purely investment.

SLS and Lakeview manage troubled loans. 

Covering the mortgage isn’t an issue, but I’m considering factors like: Multi-Family: House hacking would help offset costs right away, but I’d likely need to put money into renovations upfront.Single-Family: Easier move-in with no immediate renovations needed, plus potentially lower tenant turnover once I rent it out For those who have been in a similar situation, what did you choose and why?