I received a 6% return rate, and had a chance to purchase 4 properties.

They always send pictures pre-rehab and say it will be done with the purchase price.

Purchase price: $110,000 Bought the house of the MLS.

Purchase price: $215,000 Cash invested: $75,000 Sale price: $410,000 Total and complete renovation!

FloridaHi Esther - if you end up going with a commercial DSCR loan to purchase a rental you would need to use an LLC.

Understand Closing Costs: Be prepared for closing costs, which can be 2-5% of the purchase price.7.

Cons: Property 1 has strong expected IRROption 2) Sell property 1 to pay off a construction loan on property 5 and purchase new SFR -- Pros: Improves cash flow by $1,000 / month, Adds $40k cash to bank account (after $30k loan repayment and $40k SFR purchase). 

2nd question...so even though you're not doing an initial purchase and trying to take out the equity in the property, does a dscr really make the most sense or does something like a heloc do better?  

Purchase price: $215,000 Cash invested: $75,000 Sale price: $410,000 Total and complete renovation!

Purchase price: $150,000 Cash invested: $75,000 Sale price: $332,500 Attention to detail was perfectly executed through out the entire home.