Agreed mate.Too many variations and mud thrown on the word over the years.Maybe we should come up with a new phrase lolSomething on the lines of "House Hacking" and "BRRR" 🤷‍♂️"Fully Renovated And Tenanted""FRAT" property investing lolCut the FAT and invest in FRAT haha

Did you do a project in Covington, OH? 

They are developing two ground up apartment complexes as well as renovating a school that was slated to be demolished.

Hello,I just bought through my LLC  a single family residence in Bucks County, Pa. which we are going to rehab. and flip.I always GC my  projects and use sub. contractors.

FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.

This could help generate additional income and attract a broader range of tenants.3.Partner with a nonprofit organization: Some nonprofit organizations specialize in affordable housing development and may be interested in partnering with you on this project.

Nicer apartment complexes have popped up everywhere, replacing what previously were projects.

Currently in Lancaster County but travel for the right projects. 

You want to make sure you can have enough cash to make the payments while renovations occur and before securing long-term financing... as well as give yourself a little (2-3 month) cushion just in case.

The most important thing to consider would be that if you're using your HELOC for down payment / renovation costs and holding costs, then the refinance MUST get you all of your cash back to pay the HELOC back to 0.