HM is typically high cost, with 2-5 points plus 8-15% interest3.

I think the main idea of my post is that banks don't typically lend to businesses without sufficient assets and business operations - likewise, banks typically don't lend to individuals without income and credit.

The midwest is typically good if you can find a market with business growth and growing population.

Hi BPers-- Can any experienced flippers,rehabbers tell me what the typical cost of a gut rehab on a 975sq ft house is?

Pick a single business bank account and start running all your income through that account. c) >24 months, Fannie opens up (typically) once that 2nd year of tax returns is filed and processed by the IRS.If you do a or b with the plan to refinance once you hit c, make sure there is no early payoff penalty.

In my market, people don't really care about a modern bathroom (rather low rents).I typically only touch-up bathrooms (paint, new fixtures or toilet if needed - and by needed I mean if the fixture or toilet is wasting water). 

I know I could get an FHA loan which would make my 50k more than enough to close on a typical 500k property (that seems to be about the average for a small multi in my area), but I have also learned that due to the high level of competition, sellers don't typically like working with FHA buyers due to the high standards and inspections that come with it. 

This is because traditional banks/lenders are going to go off the income you report to the IRS, which especially for small business is typically really low after expenses/write-offs (investors often run into these issues as well after investment property write-offs).

Welcome to BP, we have quite a few local meetups in Broward typically advertised in events page, please attend & introduce yourself.

This would essentially wipe out my savings.