Its major expenses are property taxes, utilities and maintenance.

Hello there, I am considering different ways to fund the rest of the rehab work I need done on a duplex I purchased earlier this year.The Facts:- Its not a major rehab.

Here's the deal:- SFH in a suburb of a major city with great fundamentals (job growth, population growth, multiple sectors).- Purchase: $250K (presumably funded by Class A & B shares).- Rehab: $80K (100% bank loan)- Sale: $460K ($130K profit)- Deal is owned by LLC (seems like a general fund LLC for various targets), not an LLC specifically for this deal. - Payout: Upon sale and paydown of bank debt, Class A shares get their principal, then Class B shares get their principal, then Class A gets their 20%. - The Sponsor isn't taking a management fee (I presume they are majority owners of Class B).I would be investing $50K into the Class A shares, due in 90 days.

While the area is still fairly heavily dependent on the auto industry (Chrysler, Delphi & GM are three major employers), there has been a lot of growth and development in the downtown area.

If they pay on time and don't cause any major damage, should I keep them and renew their lease?

Not interested in hard money right now. 6) Realtor needs to be willing to submit a bunch of offers quickly, with the understanding that we won't buy the vast majority of them. 7) Realtor needs to understand the investor mindset.8) Realtor needs to be willing to work on properties that are fairly cheap for the market. 9) Probably looking for a SFR this year, but also interested in 2-4 families. 

I did some of the work, but hired all the major stuff out.

They always have unexpected 'major' problems arise that will cause the flipper many sleepless nights. 

I spoke to a loan originator from a major bank that does FHA financing.

@Alexander Nason when @Chris Mason says "a tad higher" regarding the standards for an FHA property, what he's saying is that an FHA loan requires the property be in livable condition PRIOR to closing on it (unless you do a 203k loan) so there is no way that you'd be able to close on a property needing any major work.