Base the payment amount so you're in that range.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Usually of the home requires major repairs it may require a HML "hard money loan" then you refinance in 6 months on the new ARV.DSCR is also not a great avenue for low loan amounts because all loans under $125K will take a rate hit and the minimums are usually $125k after down payment with some going down to $100K Min.

@Geoff Engel depending on what amount of available cash you are starting with and what you ultimately want to achieve will help determine your path.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Financed Loan Amount: $172,0004.

I know a cost segregation study would be too expensive for such a small amount of property, but is it permissible for me to estimate the value of the components on my own?

Clearly there is a sizeable amount of people consuming content about this stuff.Furthermore, there are literally millions of entry level rental properties in the Midwest.

For the amount of capital you invested, you will achieve a great return.  

Depending on the amount owed I might pay it off after I’m under contract to do a property inspection and ask for the money back at closing.