I have a similar set up in Colorado Springs - it depends on your insurance company.

=> Depends on whether you're in a double-close state or not.

And it also depends on your overall financial/tax situation.

@Jaci Sattler when you cashflow will depend on the Property Class you target and how INTENSE & patient you are in looking for an acquisition.Many new investors think they have to pay close to market price for a rental.

Essentially what I was trying to say is if after rehab, is it still more dependent on that specific set of townhomes that the value can cap out at?

Depending on where you are purchasing - look for major brand outlet stores.   

Depending on what you're looking for, I'd be more than happy to assist where I can, and to send you deals if you prefer.

Hi Vince,It depends a lot on the type of program (Conventional, FHA, VA, Non-qualified mortgages) as well as the property and borrower.

Other than that it's all goal dependent, do you want cash flow, stack big checks, and create tax savings?

That's why the range of the loan amount varies and the timing varies, it just depends on your credit and how many cards they can get for you.