The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.

I have ~$100k in equity and have a 3.2% interest rate.

I’ve heard about ‘gap funding’ for fix & flips to cover down/closing/holding costs in addition to the hard money loan for most of the purchase price & rehab, but how realistic is it to secure that type of funding?

Their labor rates are about $500 an hour.

.- Assuming you can pass the FHA self sufficiency test (very hard now with rates where they are, the new 5% down programs are probably a better option) you would have send a letter to your lender stating you would live in one of the units that makes up the zoning certification (legal units) for the building.

Include details such as the type of loan (conventional, FHA, VA) and the maximum interest rate acceptable to the buyer.- Home Inspection Contingency: Include a clause allowing the buyer to conduct a professional home inspection within a specified timeframe.

Who can I hire to talk through this one financial decision for an hourly rate?

Never invest in any city with static or declining population.Crime rates: Never invest in any city on this list: Mapped: The Most Dangerous Cities in the U.S.Operating costs: The best indicators of operating costs are state income taxes, homeowner’s insurance, and property taxes.

With hard money loans I'm getting 10% interest rates (wish I could find something in the 7% range, with 10% down payment).

I am debating whether to use a dedicated business account that is funded to ensure proper tax records vs using a personal credit card so I can accumulate points.