For the BRRRR process I plan on using a hard money lender for the rehab process for the SFH's but what I'm not sure of is, should I purchase a duplex and rent one unit out and live in the other or should I just rent for now, not purchase a duplex and just purchase a SFH with cash and start BRRRR'n immediately?

So you wouldn’t get any depreciation on your new purchase assuming you only spent the $450k.

Purchase price: $123,000 Cash invested: $50,000 Sale price: $210,000 House was empty for 2 years before we took over, is was in deplorable conditions but in a C/B- area.

You may also want to consider purchasing multi-unit properties and live in one of the units.

Quote from @Eli Kim: So I  currently have 3 properties and I want to purchase another one but the issue is I’ve maxed out DTI.

For this report I used an FHA loan for example, so 3.5% of the purchase price.

I just need to figure out how to purchase it.

I’m currently going through the process of getting a HELOC and feel confident we’d be able to fund a purchase using that but using PML has ultimately been a goal of mine and would like to incorporate it into one of these purchases if possible. 

Purchase price: $294,500 Cash invested: $144,000 This was my first commercial MF and off market deal.

Has anyone made a purchase on MKE yet since this chat or purchased through ACE?