If going the conventional route, rates for cash out Refis are a little higher than a straight ReFi (which are around 4.6%).

I currently have an FHA loan on my primary residence, once the 6 months was over I was going to sell my primary house, apply for a conventional owner occupied loan and purchase my flip house- I read I need to wait 12 months if I go FHA?  

We can charge for the cost of repairing damages caused by the tenant, but not for ordinary wear and tear.This clause in our rental agreement makes this clear:DAMAGES.

But we look at the entire application and then charge a deposit accordingly. 

The condition was that a charge off Best Buy credit card needs to be paid.  

For an investor with a strong W2 income who can repeatedly take advantage of low money down low interest rate conventional loans, house hacking (and then keeping them as rentals) makes a lot of sense.

The board is in charge of the parking spots but that task was delegated to the property manager (we are self managed).

@Amul S.Sure thing - Lenders go by the appraised value of the property, and lend you 70-75% of it's value.In order to do a successful BRRRR and cash out on all your initial capital, you need to make sure you can renovate and increase the value enough so that it meets this "rule", and you can get most if not all your money back and to pay back the HELOC.If your property appraises for 100k, most lenders will lend up to 70k-75k.I put the word rule in quotes because different lenders have different guidelines, but if you are looking for a conventional bank product like a 30-year fixed rate loan, Fannie Mae has their guidelines on how much they can lend up to.

With the new laws in place there are fewer STRs in town, but the same demand = able to charge more. 

Should I go full HELOC or commercial refi (Prop. is in LLC) or 20%HELOC/80% personal conventional loan