Even if it needed interior cosmetics, if you can buy at $125k, fix the cosmetics and sell for $275k, that is a no brainer deal.Where did you find this house?

It's larger than yours but they are so great So yeah if the math works it's a no brainer.

@Robert EllisHi ThereJust saw this post. my name is Mike M andI have been looking into Columbus but haven’t seen much that was a “no brainer”I had worked with a residential guy who really had no contacts in multifamily Would love to talkI live in Ga and can be reached via pmThanksMike M

You can use your VA loan for a no money down.

In this case, all you should care about is bank acceptance of price, of which there isn't one yet.Using a Realtor in a buy situation is a no-brainer.1) It costs you nothing in most cases.2) Realtors are very cliquey, and many are only open with info when talking with other licensed Realtors.

lolNo but seriously, you can refinance the property using a private or hard money loan program that offers a no or low FICO option.

FHA would be a no-go for sure ... traditional MAY be ok, but only on appraised value (based on original conforming floorplan), and you wouldn't be able to put the extra rental income towards your DTI calculation.

I knew it was a no brainer once I crunched the numbers especially because a wise man once said "if you have a great deal, the money will follow". 

 I think many people would look at that and think it's a possibility for an investment me personally I would never do anything even close to those numbers 2400 a month rent for 315,000 price would Be a no goPrice would have to be well below 200k for me 

Like Cody above, I struggled to get a no-brainer 70% refi on a sfr rental in the banks' own town here.