Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside. 

For most DSCR loans, down payments are typically around 20-25%, depending on the lender and the property type.

Current HELOC rates are typically 8-10% depending on your credit and lender, though some banks offer promotional rates.

It is a great deal for the silent investor as they typically make 50% - 100% COC in less than a year.

If you don't mind me asking, which loans do you typically use for house hacking? 

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

I would set up calls and then sit in and listen, every day, typically a few times a day for around 6 months.

Typically a tax foreclosure is first position lien.

Plus you can't typically get conventional financing because they want to finance to a person, not an entity.

Sale Price$171,000 - $55,000 (Rehab) - $13,680 (8% fees) - $40,000 (profit) = $62,320 MAOFrom talking to other investors and doing research, typically a Novation allow more money to the seller, correct?