@Rick ImIf you are putting in $180k cash you should easily be able to get a $110k loan for the property through a hard money lender to complete the work then refinance into a long term loan.

We quote based on the estimated FICO score you provide so if done right with accurately submitted numbers (property income, expenses, taxes) then the actual credit pull on loan app is the only way a rate would differ from the quote and term that is rate locked for underwriting or if the loan app is submitted in a large enough time window in which rates could have changed (we're in a dynamic rate environment so by the day and the week rates fluctuate). 

Then in a year I would move back to Nevada or to another multi unit home in Utah.I do not have a significant income but his income would easily cover both mortgages.

We took a course recently and one of the main points the guy stressed was to just "get the house under contract" asap and then do the inspections and any other due diligence after.

If you want to be a wholesaler: find a seller and get it under contract for 100k, then email your buyers that you have it for 130k, close the deal and you make 30k2.

You will need to utilize a fix to rent loan, then after the rehab is complete refinance into a DSCR loan.

@Veronica Mitchell most contracts have a finance contingency where if you can’t get the loan then you get your earnest money back, but you’d still lose the money spent on inspections and appraisal if already done.

I've got the cash to buy it outright, then let him live there, rent out the other bedrooms to classmates, etc.

It takes a day to get ready and then I have somebody in there.

My question is do I run the numbers on the SFH as if it were by it self, then run the numbers on the trailers in park and take the average of the 2 cap rates?