I know my why, and I know I want to build my monthly income through cash flowing rentals to where I can leave my job, I just want to leave my job as soon as I can and I feel that the larger profits from flips can get me there faster.

Did you do any renovations and add equity to this property?

This isn't a house hack, and I would essentially be paying for a property that doesn't need renovation.

I lived in the worst unit and rented out the others while renovating my own to be the nicest one of the bunch. 

I am definitely looking to connect and learn from someone who is making larger deals and could use some grunt work on the side. 

Approximately $23K in renovations What was the outcome?

That rate would be fine as the cost would be minimal compared to the larger amount I'm trying to collect.

Hi, I have the opportunity to loan (via self directed IRA) money to a community center for renovation purposes.

Generally I would say that if the property is 15+ years old and not recently completely renovated a SFH would likely be in the range of 50% and a multi unit likely slightly lower, possibly as low as 40%, due to more tenants, higher cash flow and lower risks from vacancies.The 50% guestimate is based on the historic average of hundreds of thousands of rental units of all types over decades of accumulated data.

We plan to live in the upstairs unit which has 4 bedrooms and 2 bathrooms and rent out the bottom unit as it's more updated and will need fewer renovations (if any, really - it's actually quite nice)...