Looking on paper, and compared to Austin, there are some what appears to be screaming deals on multi-family and even  SFH in the Killeen area.  

This will be my first multi-family and I know they are a totally different beast compared to SFH.

Also, for C- areas you should be getting 1.5%+. 1% does not build in enough reward for the risk and hassles you'll encounter with tenants and property maintenance (they're mainly all older homes with varying degrees of deferred maintenance).

When comparing hard money lenders you're going to see a wide range of offers. 

With so many of us, I'm down to compare notes.

@Michelle Dunlap How does the re-fi compare to a HELOC?...

The only time moving a house sounds feasible is usually when you are comparing the costs to building a house.

With the Midwest still harboring great cap rates compared to the East & West Coasts, its exciting to offer a place where we can to help so many buyers secure "out of market" financing for investment and commercial properties.

Given that it is administered locally, it's totally worth comparing landlord acceptance rates across cities to study why and where it is and isn't accepted. 

ARV will be determined by looking at comparable sales in the area.