You will be more in the $350k range for a loan assuming the bank will lend on the land. 2) income will be verified on taxes so if you are not reporting the cash as income - it will kill your DTI and could create an issue.3) see number 1 for LTV constraints4) DTI will be difficult without taxable income that can be documented - likely created an issue. 3 houses that don't create income will heavily offset those that do.

The price range for my purchases will be between 40000 and 80000 (I live in central Illinois) and I've noticed some homes in this range are already rehabbed and some need rehabbing.

Great way to engage with and meet other real estate investors in the twin cities ranging from all levels of experience.

It seems like people respect our places much more when they know that we use them too.I hope that helps,Sid

Lately, the gap between commercial and conventional rates is narrowing with commercial rates in the 6-9% range. 

@Charles Prem we used TD bank and expected the same range on the appraisal (800sq ft 2 bed fishtown). 

Most cashout- ReFi options I've looked into will give 70% Loan to Value on a multifamily dwelling so that $25-28K range sounds about right.If that new loan still cashflows and the $28K gets you into a new deal to start the BRRRR snowball, it's probably worth it.

I can make the obvious assumption that many of them have seen the guru ads who make it sound like shooting fish in a barrel and believe it will be an easy way to become an investor without money.As illustrated many times before from a wide range of experienced investors the path to a successful wholesale business requires a good amount of capital to spend on marketing which most newbies do not account for. 

Purchase price: $2,000,000 mid range apartment complex.

The ARV should be in the 170k Range.Rent in the 1200 range Working backward 170*.7 = 119,000170*.75 = 127,500I have 76k in the property and need a reno of 43-51k.