Originally posted by @Ryan Johnson:-the good deals go fast, real fast-cash offers always win-much of these good mls sf deals are going over asking- most stuff in the city needs a decent amt of rehab-get on some whole salers lists - you’ll have deals overwhelming your inbox so you can start analyzing daily Good stuff here, I'd agree with all this.  1950's homes are frequently emailed to me, but as usual, their ARV and repair numbers can be wayyyy off. 

If you're active in this space, a commercial asset-based lender or also do frequent flipping let's connect and talk more in NOLA!! 

However, if you find a lender who does these frequently, it won't be a big deal.  

My general experience, with some exceptions, has been that those neighborhoods come with greater turnover, less qualified tenants, and more frequent evictions. 

I am looking for someone I can pester about policies frequently as I am purchasing a couple a month.

Personally, I would ALWAYS seek to own both halves of a duplex to make my life easier, and thus avoid dealing with (frequently inexperienced, non-professional) strangers that owned the other half of my building.

More jobs, businesses, better travel connections (for example, we have 3 airports in the tri-county area, which have more frequent variety of flights all over the world), history, we are more sexy (at least in Miami, which tends to be more in the news / public eye) than West Coast, logistics, medical and other industries thrive (and, therefore, hire) here more than on the West Coast.

We're disputing the perceived advantages over simply paying more principal every month (or however frequently you want to). 

I'd imagine receiving a guaranteed fund letter is easier for larger institutional folks, or people who closely coordinate with their local bank branch on frequent transactions.

If you are able to find a home with potential and get qualified for it then it's definitely a good idea.Just know that with a 203k loan there are going to be limitations/guidelines:- There will need to be a HUD-approved consultant at the job frequently, and you will need to compensate them- The ARV should be reasonable for the amount of work you are planning on putting in- Some additional appraisal guidelines may varyIf you'd like to talk more about 203k loans or any renovation loans, definitely reach out, I'd love to help!