Factor in a bump for FHA and a bump for Multi, should be 5.1-5.25% at best.Have you shopped around to regular residential mortgage brokers as well as your local bank?

I know location is also a big factor.

Originally posted by @David Russell:Hi, im a new investor looking for good areas in Columbus ohio to buy rehab and rent  Like most investments, risk tolerance is one of the first factors to decide on.  

The costs and values associated with this should already be factored in the price of the property. 

They collect the offers and break them down for the seller based on a number of factors (purchase price, financing and/or proof of funds, deposit, contract contingencies, closing date, etc). 

Thus, I’m well versed in plan design, permitting, land development, financing (construction and permanent), curative title work, lien law, independent contractor agreements, customer experience, marketing, SEO, Google Analytics, hiring, managing, leading, and mentoring.

These are people who haven't put their home on the market, but share motivating factors as people who are ready to sell.Absentee owners with equity are one group.

Oakland is gentrifying and rent control or liberal politics (like 'em or hate 'em) won't stop that trend...it's just a matter who's making the money.I hear what the out of state crowd is saying, but (caution - incoming anecdotal evidence) my buddy has bought other people's midwest fix and flips with no chance for forced appreciation (in fact the building depreciates over time as housing values remain flat factoring inflation), Lower Cap rate and greater risk than I experienced house hacking. 

Just an idea for the future, with having a full time job I would factor in paying someone else to do the work for you.

You could factor in the turnover, collections and evictions, with some experience or at least some good assumptions -- but that would eat up whatever is left, I am sure.So yeah, probably need to just steer clear.