If you brrrr then it may not cash flow unless you got it real cheap.  

Lawyers arnt cheap.  

If the property is owned less than 12 monthsWill lend up to 80% of the original purchase price and rehab amount if material improvements to the property have been made.Will lend on the original purchase price if the property has not been materially improved"I think you're right though, they may cut the ltv to 70 and not care too much.There are other lenders that have long term financing without seasoning, is generally easy to qualify (many don't have any income requirements) and have reasonable ltv's, but they are not cheap in rate or points@Andrew Hunt PM me and I'll point you in the right direction given your circumstances.Stephanie

My area as I said is cheap, and growing rapidly.Would you recommend I purchase a property with the money I can play with?

Louis and it's currently renting as an airbnb.I would love to invest in my area, but my goal is buy & hold cashflow and last time I looked there wasn't a whole lot out there around the Boulder/Denver area that was cheap enough or had good enough returns.

So cap rate purchase is generally low and you are hoping for increased rent growth to further yields unless you built the complex from the ground up to own then you might have a 10 cap rate to cost versus buying in the market for a 6 for class A apartments  with little operating expenses.Watch out for (newly renovated) properties where some syndicators and sponsors do rehabs on the cheap but the expensive items are fixing to go out after you own it reducing yields heavily in future years.Newly renovated to these sellers might mean carpet,paint, some lighting fixtures.

Jeff also now has the ability to sell his property (or any portion of it) without recording a deed in the county records, because he can sell his LLC.In Oklahoma, LLC's are cheap to form ($100), cheap to keep up ($25 a year) and don't require annual meetings like a corporation.  

ive seen properties that needed to be tented and eradicatedthis is not cheap then you have rehab on structure areas and these may be load bearinglook at all the areas that were infested and make some numbersif you can pull off the extermination and rehab for 25k then you may be sitting ok depending on how you structure the deal and what they think the property is worth25k is just a number youll have to really sharpen your pencil to see if the project is worth itenjoy

Louis, MI has property on the cheap with good cash flow.

Louis, MI has property on the cheap with good cash flow.