I think they are different from what I've read.Dmitriy - Yes, absolutely 5.75% is FAR cheaper money than anything HML and far easier to access cash than any other source of financing. 

Prove yourself first and financing will be easier moving forward. 😂 I'm not saying this because I lend to first-timers, as I would say it regardless, but your first line is woefully innacurate. 

Feel free to PM me if easier.

Speaking of which, be sure you understand what you buy when you target $50k homes.

Also, in my experience, it's typically much easier to negotiate with another agent.

Like this (using your numbers):$283,040 ARV x 70% = $198,128 (This is your All-in Costs Target)- $24,400 Rehab estimate = $173,728- $4,500 Closing costs = $169,228 (you left off the Refinance fee)- $6,000 Holding costs (my standard estimate) = $165,228$165,228 is my Maximum Allowable Offer (MAO) or purchase price.  

Which seller market should I target as a newbie?

@Eric Fernando - Yes, with it being gutted it makes it easier for the electrician, otherwise they have to punch holes in walls and fish wires through.

Looking at a 3 cottage rental property, small units... it has leased solar.  I dont know the particulars of it yet, number of meters, lease length, type, cost...... but what are my strategies here?  Has anyone dealt w...