Most lenders will finance a portion of the property and 100% of the rehab costs.

In the beginning since they don't know what your capable of it will be costly to use Hard Money.

So all things considered, the 5% and 6% returns don't sound terrible to me, especially given the costs of selling and where the market is in general (high prices and relatively high interest rates).The 1.5% on the other hand is pretty tough to swallow.

We're meeting a potential property manager tonight!

Yes, rates are high, but dollar for dollar there are many positive and cash flowing investments to be found, or...made.A tactic I've been utilizing for buyer(s) recently is the deployment of seller concessions in the form of seller(s) contributions towards buyer(s) closings costs, pre-paids or interest rate buy downs. 

It will cost a Month’s rent for a “no fault eviction” (terrible name but terminology used by ab1482) if unit is over 15 years old.  

OR you'd have to do 2 separate transactions and incur 2 sets of closing costs/ transactional costs. i dont think its a bad play, a lot of people leverage one to help them expand to the next. another challenge you will have, though, is pulling something small like $50k out. most lenders rn have a $100k min. you might be able to find less but then fees/ points will be a little excessive. 

The cost of construction was insane. 

Windows preferably over mac template. But either will work! Getting everything set up and researching as well as connecting with great contractors and mentors to get ready for my first flip. Just waiting on one of my ...

Do you plan to manage it yourself or look for an operator?