Some would combine adu+jadu/900+adu+jadu (as primary sqft).Let me know if that clarifies your question

@Pedro BartolomeiHey Pedro, I think combining unsecured lines of credit with your hard money / construction loan is the best way to go as it allows you to invest without using any of your own $$ and i Like someone else said, the numbers have to work and you should have an exit strategy like doing a flip or brrrr'ing it.

Two and a half years ago my wife and I bought a fixer SFR for $450k in a neighborhood where houses rarely sell for less than a million.

I know people will use 8.33 percent on vacancy (one month per year) and about the same number for CapEx/repairs combined.

In addition, DMM seems to be outdated and a rarely used method to acquire deals.Any suggestions on how I can find these deals?

@Claudia RottenbergerChances are the property is worth nowhere near $270k, it probably has some deficiency that makes comparison with seemingly comparable properties invalid.It would be e trembly rare for a $270k real market value property, even needing $15k rehab, to sell for $189k.

Our drop-off and delivery combined is about 15% of our net. 

There are lenders who lend on LTV based on cost, and some who lend on ARV, and some who combine both numbers. 

Most 203k that cross my desk have some combination of being a) refinances of an inherited property or b) off market, where the buyer put some combination of personal work / personal time / personal money into finding it ("hey realtor can you find me a 203k deal? 

You can use private money combined with hard money, but typically HMLs don't like other lenders having a lien on the property so it may have to be unsecured.