.$8,000 would likely go away in closing costs.

We almost went with a loan that we have to pay all the cost upfront and then get reimbursed on the back end and that was just not something we were willing to do.

Partner Driven fully funded the $60,000 purchase price and covered the $109,106 renovation costs.

Bonus points if they’re used to working with investors or can help keep costs in check while maintaining quality.Cheers,Kevin I would say this about BRRRRR, especially as a newer investor. 

Some of the best ones are offering rates as low as 5.75% at no cost to you, it just requires a 30% down payment.

One of the things I'm trying to figure out is if I'm better off getting a few lower cost properties or on higher priced property. 

You should only be liable for tax on any appreciation since you inherited the rental (minus the cost of your improvements). 

Ofcourse my mistakes would cost me if done all my self as well.So i am thinking that by going through paid consulting, it saves me from mistakes and time.

Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.  

It cost me $8500 in my HCOL to get the electric separated on a 3 unit.