I would also research closing cost and down payment assistance options, the more equity in the house you want to purchase, the more likely the bank is to approve you.

Do I include closing costs even if those included several months HOA fees in advance and same for taxes?

There are lots of scenarios where you can lose money at a foreclosure auction - usually because the sale price plus rehab and future sale costs are driven above the after repair value.

You have to stand out from the competition to do well since there are so many rentals there.

Hello everyone!I'm trying to see if building a new contruction 2-4 unit makes since in volusia county(northern orlando)I've only done traditional rentals with traditional financing.What range of per sq ft am I looking...

100 year old and if you think $50k will get work done, double that cost. 

That $15K would have to be enough for either a 3.5% down payment using FHA for example and lean heavy on the seller for a Seller concession (Seller credit) which goes towards closing costs.

If you do go the Ikea route for any furniture, always start on CraigsList or FB Marketplace for used items.If you're renting the space on platforms that don't rely on reviews like Airbnb/VRBO, you could probably keep the furnishings to a relative minimum and help keep your start-up costs down. 

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

This can be very expensive and is usually the worst choice because you can't justify the cost.2.