Let say your lender will lend to you at 75% of the After Repair Value(ARV), so property worth $100K, max lender will lend is $75K or 75% Loan To Value(LTV)Your deal, after purchase and repair should be at or below the lenders LTV. 

If you just take the 13,835 financed at 6% you are adding 83 dollars a month. so a double whammy.Now, lets consider if rates drop to 5.5% in 24 months (not a prediction just a what if) and you could have refinanced at a much lower costs then the above scenario in what you paid in pre-paid and additional interest. on the other hand, if rates for your same scenario after your 5 year payback period is 9, then you will have an asset with a much lower then current market rent.  

You can run targeted ads to homeowners in distress using Google Ads, Facebook, or mailers.

The cost for cleaning and replacing damaged trim added up quickly.

Is the bang worth the buck ? 

Since you are planning to use a lot of cash anyway, you may be able to leverage an FHA loan and put down just 3.5 percent on a duplex, triplex, or fourplex, as long as you live in one of the units.The advantage of this strategy is that the rental income from the other units gets added to your income, which means you could qualify for a larger loan and end up with a bigger, income-producing asset.

Plus, in your tax bracket, the added interest deduction could help offset some of the cost.One thing to double-check is the occupancy requirement after refinancing.

If they added this feature they would be #1 in the skiptracing space.

Wondering if without typical utilities I could fix up and get an investment loan (adding a well, grey water system, composting toilet, solar for electricity, wood stove).

He is thinking about adding a 2bed/2bath to the backyard or next to the house.My mom is 60 and my dad is 59.