Hi Vince,It depends a lot on the type of program (Conventional, FHA, VA, Non-qualified mortgages) as well as the property and borrower.

Purchase price: $105,000 Cash invested: $1,000 Purchase Price: $105,000Mortgage/Taxes/Insurace: $800Management Fee: $100Rent: at least $1,300Cash Flow: $400🤑🤑🤑 What made you interested in investing in this type of deal?

She has the contract stating I will purchase under my LLC, however now she is saying underwriting considers it a commercial loan and they don't do those types of commercial. 

BTW, you just said "next" to a nice young engineer who just got a new higher paying job and is an A+ type applicant. 

Two comments, One is that nothing just shows up with a large body of law behind it.

Or is it a new property.2- what type of “renovation” speculation leads you to go from ARV $275k to $500k+?

Happy to discuss anytime - just reach out :) Great explanation of all types of house hacking methods! 

Ideally, they would have access to a line of credit, or some type of loan for misc purchases. 

I 100% understand that state, county within state, building type, age, depth of coverage, etc., etc., etc. is going to make every property unique, but it would be great to come up with a rough rule of thumb that will allow a conservative estimate.

Was this place built as a warehouse-type structure that has been compartmentalized or does it look like a strip-mall?