I refuse to ever rent in my 20's, so once my girlfriend finishes her masters, we plan to move and invest in a multi unit property that we can house hack (just to start off our REI journey).

Often, floor plans need tweaking, square footage needs to be added, and even that rooftop deck with a view can do wonders. 

But I am wondering the why behind it.

@Rob Gillespie I can't help but wonder, if the "wholesaler" has done all of that, what do YOU bring to the table?

That's all done through the negotiations and showing them how if they deal with you, everything will be, wonderful.

I wonder why MLS is frequently touted as a good place for beginners to find deals, then.

Purchase Price with closing: $130,000Rehab: ~$80,000Total all in cash: $210,000ARV: $270,000 on average (low-end would be 250k and high-end would be $300k but a house just a block away appraised for $325k recently with lower finishing than what I am planning)If we flipped the property:Closing costs: $21,600Net: $36,900If we refinance and then rent:Rent: $1400 (but could be $1600 based on other comps)Tax: $100Insurance: $200All utilities: tenant responsibilityProperty Management (10%): $140 (we would self-manage but I like to build this number in my calculations)Vacancy (5%): $70Repairs (5%): $70CapEx (5%): $70Net: $750With only a net of $750, pulling out our cash via refinance the property would put us in a negative cashflow.

So far, the accounting firm had been filing 1120 form, but I was wondering if we can file in the form 1120-H ourselves without involving an accounting firm.

What finishes do they have?

I am wondering what strategies I can employ to get a loan for a rental property I am looking at.